Hickory County, Missouri Housing Market
In Hickory County, Missouri, the median home value is $176,100, with a median monthly rent of $648. This places Hickory County at #1683 nationally out of 3134 counties by median home value, and #46 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $705
- Establishments: 181
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,529 (avg $50,610)
- Outflow: 3,147 (avg $48,276)
- IRS Statistics of Income
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| Metric | Hickory County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $176,100 | $175,712 | $227,706 |
| Median Gross Rent | $648 | $782 | $968 |
| Owner Occupancy Rate | 82.4% | 73.7% | 73.3% |
| Price/Rent Ratio | 22.6 | 18.8 | 18.7 |
Market Analysis
The median home value in Hickory County is about equal to the Missouri state average and 22.7% below the U.S. national average. The median rent of $648/month is 17.1% below the state average.
With a price-to-rent ratio of 22.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hickory County has an owner-occupancy rate of 82.4%, compared to 73.7% in Missouri and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hillsdale County | Michigan | $176,100 | $832 |
| Sebastian County | Arkansas | $176,200 | $886 |
| Carroll County | Iowa | $176,000 | $731 |
| Harrison County | Iowa | $176,000 | $849 |
| Buchanan County | Iowa | $176,000 | $848 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lawrence County | $175,100 | $800 | 73.9% |
| Nodaway County | $177,500 | $786 | 62.3% |
| Benton County | $177,900 | $773 | 83.8% |
| Montgomery County | $178,700 | $788 | 73.4% |
| Howell County | $173,000 | $733 | 70.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).