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  5. /Hickory Hill, Memphis, TN - 38141

Hickory Hill, Memphis, TN—38141

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$192,000
1.1% YoY Growth
Household Income
$64,000
30.5% YoY Growth
Days on Market
54
10.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$1,600
2.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,390
20.3% YoY Growth
3-Bed Rent
$1,590
0.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hickory Hill, Memphis, TN

As of May '26, the median home price in Hickory Hill, Memphis, TN is $192,000, with a year-over-year change of -1.1%. This indicates that home prices in Hickory Hill, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$192,000-1.1%
Single Family $192,000-1.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$126,000-1.6%
    3 Bed
    		$191,000-1.0%
    4 Bed
    		$230,000-0.9%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    0.2%
    2 Bedrooms
    11.5%
    3 Bedrooms
    72.1%
    4 Bedrooms
    11.9%
    5+ Bedrooms
    4.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,620
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,390$1,480
    3 Bed Rent $1,590$1,580
    4 Bed Rent $1,840$1,880
    Loading chart...

    % of Rental Stock

    Studio
    0.1%
    1 Bedroom
    0.4%
    2 Bedrooms
    20.3%
    3 Bedrooms
    66.4%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    3.2%

    Property Listings — Hickory Hill, Memphis, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Hickory Hill, Memphis, TN is 54. This is a increase of 10.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$191,000-10.0%
    Listing Count
    		47-7.0%
    Listings as % of Homes0.4%-7.0%
    Days on Market
    		5410.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		23,8006.4%
    % Under 18
    		30.3%-0.3%
    % Seniors
    		7.7%6.9%
    % WFH
    		9.0%190.3%
    % w/ College Degree
    		16.6%-7.8%
    Loading chart...

    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Hickory Hill, Memphis, TN

    Hickory Hill, Memphis, TN lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$192,000
    Median Household Income$64,000

    Hickory Hill, Memphis, TN — ZIP Code Boundary Map

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    Frequently Asked Questions