Hickory, KY—42051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hickory, KY
As of Oct '25, the median home price in Hickory, KY is $182,000, with a year-over-year change of 7.5%. This indicates that home prices in Hickory, KY are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 7.5% |
| Single Family | $182,000 | 7.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $144,000 | 9.1% |
3 Bed | $229,000 | 8.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hickory, KY
Hickory, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hickory, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hickory, KY is 104. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 21.0% |
Listing Count | 4 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 104 | 4.0% |
Demographics — Hickory, KY
As of the latest ACS Survey released in 2023, Hickory, KY has a population of 2,000, which has decreased by -48.1% over the past 5 years. Hickory, KY is a less popular place for families, as children make up 7.7% of the population. The area has a poorly educated workforce, with 9.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,000 | -48.1% |
% Under 18 | 7.7% | -74.3% |
% Seniors | 20.9% | 52.6% |
% WFH | 2.0% | -16.7% |
% w/ College Degree | 9.7% | -24.2% |
As of the latest ACS Survey released in 2023, Hickory, KY is a predominantly white area, with 97.9% of the population identifying as white. The white population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Hickory, KY is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.4% of the population in Hickory, KY, and this percentage has decreased by 92.3% 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 | 97.9% | 8.8% |
% Black | 0.0% | N/A |
% Hispanic | 2.1% | -75.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -92.3% |
Mortgage and Risk — Hickory, KY
According to HUD data as of 2023, there were 66 mortgage originations in Hickory, KY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Hickory, KY. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Hickory, KY
Hickory, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | -$50 | $1,100 | $1,050 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Hickory, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $182,000 |
| Median Household Income | $72,600 |