The typical owner-occupied home in Hickory is worth about $107,800, 37% below the Mississippi median of $169,800 and 68% below the national median of $332,700. Owners pay a median $947 a year in property taxes, about 0.88% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $59,000 a year, so the median home costs 1.8 times the median income (3.0 times for Mississippi). 59% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Hickory at a glance
| Hickory | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $107,800 | $169,800 | $332,700 |
| Median property tax paid per year | $947 | $1,215 | $3,119 |
| Property tax as a share of value | 0.88% | 0.72% | 0.94% |
| Median household income | $59,000 | $56,447 | $80,734 |
| Homes lived in by their owners | 59% | 70% | 65% |
| Owner homes with a mortgage | 35% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,194 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 14.9% | 19.8% | 21.0% |
| Median rent | $918 | $954 | $1,413 |
| Rent as a share of renters' income | 37.2% | 30.7% | 30.6% |
| Median year homes were built | 1974 | 1986 | 1980 |
| Vacant homes | 23.9% | 14.6% | 10.1% |
| Population | 471 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Hickory
At this week's average 30-year rate of 7.11%, buying the median Hickory home of $107,800 with 20% down costs about $704 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $884, 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 $30,176 for the 20%-down payment. That payment is 14% of the median Hickory household income of $59,000; at that income and 20% down, the 28% guideline points to a home of about $211,000.
The median rent here is $918 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,560 |
|---|---|
| Loan amount | $86,240 |
| Principal and interest | $580 |
| Property taxes (0.88% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $704 |
Change the numbers in the calculator
| Down payment | $3,773 |
|---|---|
| Loan amount | $105,847 |
| Principal and interest | $712 |
| Property taxes (0.88% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $884 |
Change the numbers in the calculator
Questions about home buying in Hickory
What is the median home value in Hickory?
About $107,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hickory?
Homeowners pay a median $947 a year, which is about 0.88% 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?
For the median home with 20% down at 7.11%, the payment is about $704 a month. Keeping that under 28% of gross income takes about $30,176 a year.
More about Hickory
- Mortgage Refinance in Hickory
- Debt Relief in Hickory
- Home Equity Loans in Hickory
- 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