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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hickory, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hickory, NC Housing Market Trends

With 44,084 people, 17,663 houses or apartments, and a median cost of homes of $271,334, Hickory real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hickory, accounting for 54.38% of the city's housing units. Other types of housing that are prevalent in Hickory include large apartment complexes or high rise apartments ( 25.55%), duplexes, homes converted to apartments or other small apartment buildings ( 11.46%), and a few row houses and other attached homes ( 4.70%).

People in Hickory primarily live in small (one, two or no bedroom) single-family detached homes. Hickory has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hickory built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hickory built between 1940-1969 ( 25.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.48%). There's also some housing in Hickory built before 1939 ( 6.95%).

Hickory Home Appreciation Rates

Appreciation rates for homes in Hickory have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.13%, which ranks in the top 50% nationwide. This equates to an annual average Hickory house appreciation rate of 6.91%.

NeighborhoodScout's data show that during the latest twelve months, Hickory's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Hickory's appreciation rate has been 1.62%, which annualizes to a rate of 6.65%.

Relative to North Carolina, our data show that Hickory's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hickory differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hickory - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hickory real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$271,334

Hickory, NC Home Prices
> $1,392,000
$1,044,001 - $1,392,000
$696,001 - $1,044,000
$557,001 - $696,000
$418,001 - $557,000
$279,001 - $418,000
$139,001 - $279,000
$70,001 - $139,000
$0 - $70,000
1.0%
1.0%
1.3%
1.3%
4.4%
4.4%
5.7%
5.7%
12.9%
12.9%
21.2%
21.2%
39.1%
39.1%
9.8%
9.8%
4.7%
4.7%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

17,663

Hickory Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,736 / per month

Homeownership Rate

Owners
Renters
51.7%
51.7%
48.3%
48.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.5%
17.5%
50.2%
50.2%
25.3%
25.3%
6.9%
6.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.4%
54.4%
4.7%
4.7%
11.5%
11.5%
25.5%
25.5%
3.9%
3.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
10.8%
10.8%
35.5%
35.5%
31.9%
31.9%
15.2%
15.2%
5.0%
5.0%
0% 100.0%
% of Homes