Market Overview
Home Prices in Hickory Valley, TN
The median home value in Hickory Valley, TN is $198,090 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hickory Valley are priced52% below average. Hickory Valley is part of the Memphis, TN-MS-AR metro area.
Price History
Hickory Valley Home Price Trend
2022
$153,378
$153K
—
2023
$157,454
$157K
+2.7%
2024
$182,780
$183K
+16.1%
2025
$184,361
$184K
+0.9%
2026
$198,090
$198K
+7.4%
City Comparison
Hickory Valley vs. National Median
🏠 Hickory Valley
$198,090
National Median
$410,000
At $198,090, homes in Hickory Valley cost 52% below the national median of $410,000. This makes Hickory Valley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hickory Valley?
20% Down Payment
$39,618
on $198,090
Monthly P&I
$1,033/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,312/mo
incl. taxes & insurance
Income Needed
$52,480
gross annual (30% rule)
10% Down Option
$19,809
+ PMI applies
Loan Amount (20% dn)
$158,472
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 Valley, TN?
The median home value in Hickory Valley is $198,090 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Hickory Valley?
Over the past year, home values in Hickory Valley have increased by 7.4%.
How much do I need to earn to buy a home in Hickory Valley?
To comfortably afford the median home price of $198,090 with a 20% down payment ($39,618) at today's rates (6.8%), you'd need a gross annual income of approximately $52,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Hickory Valley compare to the national average home price?
The national median home value is approximately $410,000. At $198,090, homes in Hickory Valley are 52% below the national average.
What metro area is Hickory Valley part of?
Hickory Valley is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.