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Affordable
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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 $122,617, lower than the West Virginia average of $177,366.
The average cost of rent is $981/mo in Hico, primarily driven by the current value of real estate in the Hico area. In Hico, 5.57% of households rent, and 57.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hico is $5,240 per month. Households that rent pay about 18.73% of their income on rent here. Hico’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ramsey, WV: less expensive homes
- Victor, WV: less expensive homes
- Lucas, WV: less expensive homes
- Lookout, WV: higher priced homes
- Edmond, WV: equally priced homes
- Mount Lookout, WV: equally priced homes
- Lansing, WV: less expensive homes
- Winona, WV: less expensive homes
- Gaymont, WV: less expensive homes
- Nallen, WV: higher priced homes
Cities with Similar Populations
- Jarbalo, KS: higher priced homes
- Shiloh, NJ: higher priced homes
- Sheppards, GA: higher priced homes
- Shelby, WI: higher priced homes
- Shawnee On Delaware, PA: higher priced homes
- Shacktown, NC: higher priced homes
- Scotsdale, MO: higher priced homes
- Jersey, GA: higher priced homes
- Jefferson Valley, NY: higher priced homes
- Shorterville, AL: equally priced homes
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