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Hickory Flat

Learn about the people, housing, costs and businesses in Hickory Flat, Mississippi

Median Home$99,500
Median Rent$734/month
Population512
Leading IndustriesManufacturing · Professional Services · Transportation3% manufacturing
Home Value Growth⬆⬆⬆+86.0% over 2 years
Retirees28% of residentswell above average
Homeowners79% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAffordable Market$100k median home · lower cost than 92% of the country
Hickory Flat
MS

Frequently Asked Questions

What are today's mortgage rates in Hickory Flat?

As of today, the 30-year fixed mortgage rate for Hickory Flat is approximately 7.032% (7.073% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hickory Flat?

The median home value in Hickory Flat is $100k. The median monthly rent is $734. Annual property taxes average $848. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hickory Flat?

Home values in Hickory Flat have increased 86.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hickory Flat?

Based on a typical all-in ownership cost of $586/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hickory Flat is $39k/year.

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What industries drive the economy in Hickory Flat?

The largest employment sectors in Hickory Flat are public administration (17%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.