The typical owner-occupied home in Hickory Valley is worth about $105,700, 63% below the Tennessee median of $286,700 and 68% below the national median of $332,700. Owners pay a median $582 a year in property taxes, about 0.55% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $33,229 a year, so the median home costs 3.2 times the median income (4.1 times for Tennessee). 62% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Hickory Valley at a glance
| Hickory Valley | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $105,700 | $286,700 | $332,700 |
| Median property tax paid per year | $582 | $1,442 | $3,119 |
| Property tax as a share of value | 0.55% | 0.50% | 0.94% |
| Median household income | $33,229 | $69,595 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 24% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,150 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 32.5% | 19.6% | 21.0% |
| Median rent | $679 | $1,189 | $1,413 |
| Median year homes were built | 1954 | 1987 | 1980 |
| Vacant homes | 10.2% | 10.2% | 10.1% |
| Population | 126 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Hickory Valley
At this week's average 30-year rate of 7.11%, buying the median Hickory Valley home of $105,700 with 20% down costs about $661 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $837, 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 $28,343 for the 20%-down payment. That payment is 24% of the median Hickory Valley household income of $33,229; at that income and 20% down, the 28% guideline points to a home of about $124,000.
The median rent here is $679 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,140 |
|---|---|
| Loan amount | $84,560 |
| Principal and interest | $569 |
| Property taxes (0.55% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $661 |
Change the numbers in the calculator
| Down payment | $3,700 |
|---|---|
| Loan amount | $103,786 |
| Principal and interest | $698 |
| Property taxes (0.55% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $837 |
Change the numbers in the calculator
Questions about home buying in Hickory Valley
What is the median home value in Hickory Valley?
About $105,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hickory Valley?
Homeowners pay a median $582 a year, which is about 0.55% 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 Valley?
For the median home with 20% down at 7.11%, the payment is about $661 a month. Keeping that under 28% of gross income takes about $28,343 a year.
More about Hickory Valley
- Mortgage Refinance in Hickory Valley
- Debt Relief in Hickory Valley
- Home Equity Loans in Hickory Valley
- 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