The typical owner-occupied home in Hickory Grove is worth about $159,400, 38% below the South Carolina median of $259,000 and 52% below the national median of $332,700. Owners pay a median $780 a year in property taxes, about 0.49% of their home's value, close to the South Carolina rate of 0.48%. The median household earns $59,875 a year, so the median home costs 2.7 times the median income (3.7 times for South Carolina). 88% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Hickory Grove at a glance
| Hickory Grove | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $159,400 | $259,000 | $332,700 |
| Median property tax paid per year | $780 | $1,251 | $3,119 |
| Property tax as a share of value | 0.49% | 0.48% | 0.94% |
| Median household income | $59,875 | $69,324 | $80,734 |
| Homes lived in by their owners | 88% | 72% | 65% |
| Owner homes with a mortgage | 44% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,146 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.7% | 21.0% |
| Median rent | $1,091 | $1,180 | $1,413 |
| Rent as a share of renters' income | 17.5% | 31.1% | 30.6% |
| Median year homes were built | 1987 | 1992 | 1980 |
| Vacant homes | 17.8% | 13.3% | 10.1% |
| Population | 528 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Hickory Grove
At this week's average 30-year rate of 7.11%, buying the median Hickory Grove home of $159,400 with 20% down costs about $989 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,255, 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 $42,401 for the 20%-down payment. That payment is 20% of the median Hickory Grove household income of $59,875; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $1,091 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $31,880 |
|---|---|
| Loan amount | $127,520 |
| Principal and interest | $858 |
| Property taxes (0.49% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $989 |
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| Down payment | $5,579 |
|---|---|
| Loan amount | $156,513 |
| Principal and interest | $1,053 |
| Property taxes (0.49% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,255 |
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Questions about home buying in Hickory Grove
What is the median home value in Hickory Grove?
About $159,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hickory Grove?
Homeowners pay a median $780 a year, which is about 0.49% 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 Grove?
For the median home with 20% down at 7.11%, the payment is about $989 a month. Keeping that under 28% of gross income takes about $42,401 a year.
More about Hickory Grove
- Mortgage Refinance in Hickory Grove
- Debt Relief in Hickory Grove
- Home Equity Loans in Hickory Grove
- 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