Home prices
The median home in Hedley is valued at $24,500. In comparison to other places in this area it is approximately $29,760 (54%) lower.Compared to the country as a whole it is about $193,000 (88%) lower, and compared to the city of Amarillo it is about $108,000 (81%) lower.
Rents
In Hedley the median rent is $608 a month. This is roughly $10 (1%) lower in comparison to its surrounding areas.Compared to the country as a whole it is about $454 (42%) lower, and in comparison to the city of Amarillo it is approximately $242 (28%) lower.
Nearby places
Memphis
Memphis is approximately 11 miles southeast from Hedley. Its housing prices are substantially more expensive. The price of the median home in Memphis is $51,700, which comes out to $27,200 (52%) higher than Hedley. Its rents are somewhat less expensive. Memphis's median monthly rent is $517, which is $91 (17%) lower than Hedley.
Clarendon
Clarendon is roughly 12 miles northwest of Hedley. Its housing prices are substantially more expensive. Clarendon's median home value is $65,200, which is $40,700 (62%) higher than Hedley. Its rents are fairly similar. In Clarendon the median monthly rent is $600, which is $8 (1%) lower than Hedley.
Wellington
Wellington is approximately 22 miles east of Hedley. Real estate prices there are substantially more expensive. The median home cost in Wellington is $44,200, which is $19,700 (44%) higher than Hedley. Its rents are pretty similar. The median monthly rent in Wellington is $608, which is very similar to Hedley.
McLean
McLean is approximately 26 miles north of Hedley. The housing prices there are significantly more expensive. McLean's median home value is $41,900, which works out to $17,400 (41%) higher than Hedley. Rents there are a bit more expensive. The median monthly rent in McLean is $659, which works out to $51 (7%) higher than Hedley.
Shamrock
Shamrock is approximately 32 miles northeast of Hedley. Housing prices there are significantly more expensive. The cost of the median home in Shamrock is $68,300, which works out to $43,800 (64%) higher than Hedley. Rents there are a bit more expensive. The median monthly rent in Shamrock is $706, which comes out to $98 (13%) higher than Hedley.