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These days, finding an affordable place to live in the Hico area can be challenging. Home prices in Hico are now at a median cost of $133,700, lower than the Tennessee average of $315,131.
The average cost of rent is $843/mo in Hico, primarily driven by the current value of real estate in the Hico area. In Hico, 28.61% of households rent, and 64.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hico is $4,896 per month. Households that rent pay about 17.22% of their income on rent here. Hico’s most expensive areas are in the central 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.
Nearby Cities
- Huntingdon, TN: higher priced homes
- Davis Chapel, TN: equally priced homes
- Leach, TN: equally priced homes
- Rosser, TN: equally priced homes
- Long Rock, TN: higher priced homes
- Clarksburg, TN: higher priced homes
- McLemoresville, TN: less expensive homes
- Buena Vista, TN: less expensive homes
- Howley, TN: higher priced homes
- Hollow Rock, TN: equally priced homes
Cities with Similar Populations
- Scott, GA: less expensive homes
- Malden Bridge, NY: higher priced homes
- Roseneath, NC: less expensive homes
- Ross, WI: higher priced homes
- Ruby Corner, NY: equally priced homes
- Ryde, CA: higher priced homes
- Sanders, MT: higher priced homes
- Sandgate, VT: higher priced homes
- Sandwich, NH: higher priced homes
- Saratoga, IL: higher priced homes
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