Spearman, Texas.
Typical home $121,335 (+3.4% in a year). Borger, TX metro.
to buy the typical home at today's mortgage rate — +$180 (+40%) since Jan 2020.
- 1 year
- Up $4,027 +3%
- $117,309$121,335 since Sep 2025
- 5 years
- Down $30,763 -20%
- $152,099$121,335 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Spearman$637
- Texas$1,556
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Spearman, TX rose 3.4% over the past year — faster than the nation's +1.2%.
Living in Spearman, Hansford County, Texas
Spearman is a city of 3,171 people in Hansford County. Half its households earn more than $68,617 a year and half less, against $69,441 across Hansford County; 8% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Hansford County was 3.9% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Spearman is a small city in the Texas Panhandle, in Hansford County, where most households own the homes they live in. Incomes sit a little below the county's, and typical home values are modest. The people here tend to be middle-aged, and many adults have a four-year degree.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, shops, and farming close behind. Across Hansford County, the Hansford County Hospital District, Spearman ISD and USA Feedyard are among the largest workplaces. Jobs across the county have slipped slightly over the past year, and very few people work from home.
Things to do. Winters are cold, with December the coldest month, and summers are hot, with July the warmest, so outdoor plans tend to follow the seasons. There are no nearby places on record to point to, and the town itself is the main draw for a visit.
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- 1,059households
- 36%of adults have a degree
- 8%below the poverty line
- 2%work from home
What residents work in
Employed residents by industry, from the Census survey. Hansford County had 2,095 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 53° and lows near 26°; warmest in July, with highs near 96° and lows near 68°.
Average daily high and low, 1991–2020, at the Spearman weather station, under a mile away (NOAA).
Largest workplaces in Hansford County
- Hansford County Hospital DistrictCritical access hospital155FTE
- Spearman ISDSchool district141FTE
- USA FeedyardBeef cattle feedlots96
- Gruver ISDSchool district92FTE
- Hansford County FeedersFeed yards, cattle68
- Cactus FeedersBeef cattle feedlots38
- CT AG PartnersCattle feedlots34
- Pringle-morse CisdSchool district31FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 336 people in all across the county; Spearman has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- DroughtVery high
- Winter weatherVery high
- Cold wavesVery high
- LightningVery high
- Strong windVery high
- TornadoesVery high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Spearman’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hansford County and the Borger, TX metro.
Spearman home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Spearman$121,335
- Texas$296,424
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Spearman18
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Spearman address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Spearman — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.