The typical owner-occupied home in Hickory Ridge is worth about $53,300, 72% below the Arkansas median of $188,000 and 84% below the national median of $332,700. Owners pay a median $433 a year in property taxes, about 0.81% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $31,250 a year, so the median home costs 1.7 times the median income (3.1 times for Arkansas). 54% of occupied homes here are lived in by their owners, and 10% of those owners still have a mortgage.
Hickory Ridge at a glance
| Hickory Ridge | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $53,300 | $188,000 | $332,700 |
| Median property tax paid per year | $433 | $1,040 | $3,119 |
| Property tax as a share of value | 0.81% | 0.55% | 0.94% |
| Median household income | $31,250 | $60,773 | $80,734 |
| Homes lived in by their owners | 54% | 66% | 65% |
| Owner homes with a mortgage | 10% | 53% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,345 | $1,963 |
| Median rent | $763 | $947 | $1,413 |
| Rent as a share of renters' income | 31.5% | 27.6% | 30.6% |
| Median year homes were built | 1968 | 1987 | 1980 |
| Vacant homes | 24.0% | 13.5% | 10.1% |
| Population | 259 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Hickory Ridge
At this week's average 30-year rate of 7.11%, buying the median Hickory Ridge home of $53,300 with 20% down costs about $345 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $434, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $14,787 for the 20%-down payment. That payment is 13% of the median Hickory Ridge household income of $31,250; at that income and 20% down, the 28% guideline points to a home of about $113,000.
The median rent here is $763 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $10,660 |
|---|---|
| Loan amount | $42,640 |
| Principal and interest | $287 |
| Property taxes (0.81% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| PMI | $0 |
| Total per month | $345 |
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| Down payment | $1,866 |
|---|---|
| Loan amount | $52,335 |
| Principal and interest | $352 |
| Property taxes (0.81% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| FHA mortgage insurance | $24 |
| Total per month | $434 |
Change the numbers in the calculator
Questions about home buying in Hickory Ridge
What is the median home value in Hickory Ridge?
About $53,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hickory Ridge?
Homeowners pay a median $433 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Hickory Ridge?
For the median home with 20% down at 7.11%, the payment is about $345 a month. Keeping that under 28% of gross income takes about $14,787 a year.
More about Hickory Ridge
- Mortgage Refinance in Hickory Ridge
- Debt Relief in Hickory Ridge
- Home Equity Loans in Hickory Ridge
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data