Hickory Hill, Memphis, TN—38141
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hickory Hill, Memphis, TN
As of Oct '25, the median home price in Hickory Hill, Memphis, TN is $190,000, with a year-over-year change of -2.4%. This indicates that home prices in Hickory Hill, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | -2.4% |
| Single Family | $190,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | -4.5% |
3 Bed | $189,000 | -2.6% |
4 Bed | $228,000 | -1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hickory Hill, Memphis, TN
As of July '25, Rentcast reports the average rent in Hickory Hill, Memphis, TN is $1,620, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Hickory Hill, Memphis, TN is 2-bedrooms: $1,480, 3-bedrooms: $1,580, 4-bedrooms: $1,880. The most common rental property sizes in Hickory Hill, Memphis, TN are 3-bedroom and 2-bedroom, accounting for 66.4% and 20.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,390 | $1,480 |
| 3 Bed Rent | $1,590 | $1,580 |
| 4 Bed Rent | $1,840 | $1,880 |
% of Rental Stock
Property Listings — Hickory Hill, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hickory Hill, Memphis, TN is 57. This is a increase of 35.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 4.0% |
Listing Count | 53 | 18.0% |
| Listings as % of Homes | 0.4% | 18.0% |
Days on Market | 57 | 35.0% |
Demographics — Hickory Hill, Memphis, TN
As of the latest ACS Survey released in 2023, Hickory Hill, Memphis, TN has a population of 23,800, which has increased by 6.4% over the past 5 years. Hickory Hill, Memphis, TN is a popular place for families, as children make up 30.3% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,800 | 6.4% |
% Under 18 | 30.3% | -0.3% |
% Seniors | 7.7% | 6.9% |
% WFH | 9.0% | 190.3% |
% w/ College Degree | 16.6% | -7.8% |
As of the latest ACS Survey released in 2023, Hickory Hill, Memphis, TN is a predominantly black area, with 85.4% of the population identifying as black. The black population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Hickory Hill, Memphis, TN is hispanic, making up 9.0% of the population. Foreign-born residents account for 5.1% of the population in Hickory Hill, Memphis, TN, and this percentage has decreased by 12.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 4.2% | -25.0% |
% Black | 85.4% | 1.8% |
% Hispanic | 9.0% | 0.0% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 5.1% | -12.1% |
Mortgage and Risk — Hickory Hill, Memphis, TN
Hickory Hill, Memphis, TN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Hickory Hill, Memphis, TN
Hickory Hill, Memphis, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | $260 | $1,390 | $1,650 |
| 3 Bedroom | $580 | $1,590 | $2,170 |
| 4 Bedroom | $700 | $1,840 | $2,540 |
Affordability — Hickory Hill, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $190,000 |
| Median Household Income | $64,000 |