Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 404 people, 154 houses or apartments, and a median cost of homes of $184,553, house prices in Hickory are solidly below the national average.
Single-family detached homes are the single most common housing type in Hickory, accounting for 64.81% of the town's housing units. Other types of housing that are prevalent in Hickory include mobile homes or trailers ( 32.41%), duplexes, homes converted to apartments or other small apartment buildings ( 2.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hickory. Owner-occupied housing accounts for 82.47% of Hickory's homes, and 72.22% have either three or four bedrooms, which is average sized relative to America.
The housing in Hickory was primarily built before 1939 ( 31.48%), making the housing stock in Hickory some of the oldest overall in America, although there is a range of ages of homes in Hickory. The next most important housing age is between 1970-1999 ( 31.02%), followed by between 2000 and later ( 23.61%). There's also some housing in Hickory built between 1940-1969 ( 13.89%).
Vacant housing appears to be an issue in Hickory. Fully 28.70% of the housing stock is classified as vacant. Left unchecked, vacant Hickory homes and apartments can be a drag on the real estate market, holding Hickory real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Hickory's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.31% during the period.
NeighborhoodScout's data show that during the latest twelve months, Hickory's appreciation rate, at 6.56%, has been at or slightly above the national average. In the latest quarter, Hickory's appreciation rate has been 2.38%, which annualizes to a rate of 9.88%.
Relative to Mississippi, our data show that Hickory's latest annual appreciation rate is higher than 60% of the other cities and towns in Mississippi.
$184,553
for Mississippi
for nation
154
$1,387 / per month