The Most Affordable Neighborhoods in Hickory Tree, TN by Home Value

 

Hickory Tree, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hickory Tree area can be challenging. Home prices in Hickory Tree are now at a median cost of $175,969, lower than the Tennessee average of $315,131.

The average cost of rent is $1,043/mo in Hickory Tree, primarily driven by the current value of real estate in the Hickory Tree area. In Hickory Tree, 11.26% of households rent, and 51.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hickory Tree is $4,889 per month. Households that rent pay about 21.33% of their income on rent here. Hickory Tree’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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