Hereford began the league season with just one win in their first twelve matches, including heavy home defeats to Morecambe, Macclesfield Town, and Gillingham.

Stuart Fleetwood, Hereford's top goalscorer in the 2010–11 season, was sold to Conference side Luton Town on 1 September 2011.

[3] Three consecutive victories in October, which featured veteran defender Andy Todd in his short spell with the Bulls, proved to be Hereford's best run of form in an otherwise lacklustre campaign.

Blackpool loanee Tom Barkhuizen was the Bulls' top goalscorer, having extended his loan spell at Edgar Street from its initial planned finish in January through to the end of the campaign.

Despite a 3–2 home victory over Torquay United in the final game of the season, results elsewhere confirmed Hereford's 23rd-placed finish and relegation to the Conference on 5 May 2012.