Market Overview
Home Prices in Hickory Flat, MS
The median home value in Hickory Flat, MS is $171,072 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 9.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hickory Flat are priced58% below average.
Over the past five years, Hickory Flat home values have risen by approximately8.3%, reflecting steady appreciation in this market.
Price History
Hickory Flat Home Price Trend
2021
$157,906
$158K
—
2022
$165,833
$166K
+5.0%
2023
$143,408
$143K
-13.5%
2024
$148,758
$149K
+3.7%
2025
$163,256
$163K
+9.7%
2026
$171,072
$171K
+4.8%
City Comparison
Hickory Flat vs. National Median
🏠 Hickory Flat
$171,072
National Median
$410,000
At $171,072, homes in Hickory Flat cost 58% below the national median of $410,000. This makes Hickory Flat a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hickory Flat?
20% Down Payment
$34,214
on $171,072
Monthly P&I
$892/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,133/mo
incl. taxes & insurance
Income Needed
$45,320
gross annual (30% rule)
10% Down Option
$17,107
+ PMI applies
Loan Amount (20% dn)
$136,858
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hickory Flat, MS?
The median home value in Hickory Flat is $171,072 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Hickory Flat?
Over the past year, home values in Hickory Flat have increased by 4.8%. Over five years, prices have risen approximately 8.3%.
How much do I need to earn to buy a home in Hickory Flat?
To comfortably afford the median home price of $171,072 with a 20% down payment ($34,214) at today's rates (6.8%), you'd need a gross annual income of approximately $45,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Hickory Flat compare to the national average home price?
The national median home value is approximately $410,000. At $171,072, homes in Hickory Flat are 58% below the national average.