Hickman County, Kentucky Housing Market Prices
Hickman County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 59% above the Kentucky median More expensive than 79% of counties in Kentucky$187,500
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Median rent 26% below the Kentucky median Cheaper than 70% of counties in Kentucky$717
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hickman County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $118,017 | $248,835 |
| Price Trend (Annual %) | 21.7% | 3.8% | 7.5% |
| Median Gross Rent | $717 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hickman County is about 59% higher than in Kentucky. Rent is about 26% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hickman County, up about 21.7% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Hickman County rose about 35.3% between 2015 and 2024, from $530 to $717. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Hickman County.
Buying the median-priced home in Hickman County costs roughly 21.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hickman County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Hickman County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $118,017 | $248,835 |
| Median Household Income | $61,724 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hickman County rose about 152.7%, while median household income rose about 78.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hickman County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 61.3% | 58.5% |
| Rental Rate | 23.4% | 28.4% | 31.2% |
| Vacancy Rate | 19.7% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Hickman County has a homeownership rate of 56.9%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 19.7%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Hickman County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1976 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Hickman County was built around 1976. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Hickman County, KY Housing Compared With Nearby Counties
How Hickman County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hickman County, KY | 4,439 | $187,500 #1/3 | $717 #3/3 | 70.8% #1/3 |
| Mississippi County, MO | 11,898 | $14,749 | $762 | 62.9% |
| Obion County, TN | 30,444 | $115,187 | $770 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Hickman County, Kentucky.
What is the median home price in Hickman County, Kentucky?
The median home price in Hickman County, Kentucky is $187,500, higher than the Kentucky average of $118,017.
What is the average home price in Hickman County, Kentucky?
The typical home price in Hickman County, Kentucky, reported as the median sale price, is $187,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hickman County, Kentucky?
The median gross rent in Hickman County, Kentucky is $717 per month, lower than the Kentucky average of $967.
What was the median gross rent in Hickman County in 2020?
In 2020, the median gross rent in Hickman County, Kentucky was $571 per month.
What is the price-to-rent ratio in Hickman County, Kentucky?
The price-to-rent ratio in Hickman County, Kentucky is about 21.8, meaning it would take roughly 21.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hickman County.
Are home prices or rent rising faster in Hickman County, Kentucky?
Both home prices and rent are rising in Hickman County, up about 21.7% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hickman County, Kentucky?
56.9% of households in Hickman County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Hickman County, Kentucky?
The housing vacancy rate in Hickman County, Kentucky is 19.7%, higher than the Kentucky average of 10.3%.
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