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Hickory Valley town, TN

ZIP 38042 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38042

Median Home Value
$144,300
Median Rent
$802
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$927/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38042 in Hickory Valley town, TN, a household would need roughly $40,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $927. That sits below the local median household income ($48,897), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.6%+19% vs US avg
x
Vacancy Rate
28.1%+172% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
61.3%+23% vs US avg
x
Mortgage-Free
64.2%+68% vs US avg
x
$144,300
Home Value
$802
Rent
1979
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.2%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.3%
  • Mobile home & other27.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$144,300
Median rent$802
Owner-occupied77.6%
Vacant28.1%
Price-to-income3.0x
Est. income to buy$40,000