Hickory Ridge Arkansas Area Home Supply Charts

This page looks at a variety of Hickory Ridge Arkansas housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Hickory Ridge depicts it has a Housing Units of 135 which is the second most housing units of all the places in the greater Hickory Ridge region.

Figure 2 illustrates the housing density in the Hickory Ridge housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Hickory Ridge depicts it has a Housing Density of 205.8 which is in the mid range of other places in the surrounding region. The city with the highest housing density in the area is Fisher which shows a density of 344.8 (67.5% larger). Comparing housing density to the United States average of 39.5, Hickory Ridge is markedly bigger. Also, measured against the state of Arkansas, housing density of 26.1, Hickory Ridge is considerably bigger.

In Figure 4, Hickory Ridge area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Hickory Ridge depicts it has a Housing Unit Change of -6.9% which is in the center range of other places in the surrounding region. The city with the highest change in the housing units in the area is Weldon which shows a housing units of 28.6% (approximately 4.1 times bigger). Comparing change in the housing units to the United States average of 7.4%, Hickory Ridge is about the same size. Also, compared to the state of Arkansas, change in the housing units of 3.5%, Hickory Ridge is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Hickory Ridge depicts it has a Renter Percent of 42.2% which is more than all other places in the greater Hickory Ridge region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 57.8% which is the smallest as measured by owner percent of all the other places in the area.

Hickory Ridge Arkansas Home Cost Charts

Looking at the housing data provided in Figure 7, the average Hickory Ridge home price is illustrated for this community and a useful analysis of affordable housing. Hickory Ridge indicates it has a Median Home Value of $42,300 which is less than most other places in the metro area. The city with the highest median home price in the area is Cherry Valley which shows a home price of $65,300 (54.4% larger). Figure 8 provides aggregate comparative data for the Hickory Ridge Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. Hickory Ridge shows it has a Median Gross Rent of $542 which is the third most rental rates of all other places in the greater Hickory Ridge region. The city with the highest rental rates in the area is Cherry Valley which depicts a rental rates of $810 (49.4% larger). Comparing rental rates to the United States average of $1,163, Hickory Ridge is approximately half the size. Also, versus the state of Arkansas, rental rates of $803, Hickory Ridge is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Hickory Ridge has the percentage of home price worth less than $50,000 less than most other places in the greater region at 22% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Hickory Ridge depicts it has a Median Owner Cost of $488 which is in the mid range of other places in the surrounding region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Hickory Ridge metro area. it has a Owner Cost as % of HH Income of 12% which is in the mid range of other places in the surrounding region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Hickory Ridge depicts it has a Median Home Value as Percent of Median Earnings of 116% which is the third most of all other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Hickory Ridge shows it has a Median Owner Costs-With Mortgage of $663 which is in the mid range of other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $306 which is less than most other places in the surrounding region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Hickory Ridge has one of the largest proportions of owner cost less than $300 at 39% of the total and is ranked #2. The only larger city being Amagon with 92%. Second, it has one of the largest proportions of owner cost between $300 and $500 at 33% of the total and is ranked #3. Only #2 Weldon (46%), and #1 Beedeville (67%) are larger. Third, it has less than most other places in the local area when ranked by owner cost between $500 and $700 at 1% of the total. Also, it has one of the largest proportions of owner cost between $700 and $1,000 at 12% of the total and is ranked #2. The only larger city being Weldon with 22%. In addition, it has the largest proportion of owner cost between $1,000 and $1,500 at 3% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Hickory Ridge depicts it has a % of Income Owner Costs-With Mortgage of 13% which is in the mid range of other places in the local area. The city with the highest cost as a percent of household income in the area is Cherry Valley which depicts a cost as a percent of household income of 30% (approximately 2.3 times bigger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Hickory Ridge depicts it has a % of Income Owner Costs-No Mortgage of 10% which is the third most cost as a percent of household income of all other places in the greater Hickory Ridge region. The city with the highest cost as a percent of household income in the area is Amagon which shows a cost as a percent of household income of 14% (39.4% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Hickory Ridge has the percentage of rent as a percent of income is less than 10 pct less than most other places in the metro area at 8% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 20% of the total and is ranked #2. The only larger city being Fisher with 35%. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 24% of the total and is ranked #1. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 4% of the total and is ranked #2. The only larger city being Cherry Valley with 10%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Hickory Ridge has the percentage of housing cost less than $300 the second smallest in order of housing cost less than $300 of all the other places in the metro area at 16% of the total. Second, it has the largest proportion of housing cost between $1,000 and $1,500 at 2% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $428 which is the third most median real estate taxes paid of all other places in the greater Hickory Ridge region. The city with the highest median real estate taxes paid in the area is Tupelo which depicts a taxes paid of $500 (16.8% larger). Comparing median real estate taxes paid to the United States average of $2,690, Hickory Ridge is approximately a sixth the size. Also, in comparison with the state of Arkansas, median real estate taxes paid of $878, Hickory Ridge is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Hickory Ridge Arkansas has the percentage of rent less than 300 dollars in the mid point range of other places in the local area at 2% of the total. Second, it has one of the largest proportions of rent between 300 and 500 dollars at 29% of the total and is ranked #3. Only #2 Weldon (38%), and #1 Fisher (70%) are larger.

Hickory Ridge Arkansas Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Hickory Ridge has the percentage of With mortgage in the center range of other places in the greater region at 46% of the total. Second, it has in the center range of other places in the greater region when sorted by With HELOC no Primary Mortgage at 54% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Hickory Ridge has the percentage of houses with mortgages in the mid range of other places in the local area at 54% of the total.

Hickory Ridge Arkansas Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is the smallest in terms of family members per housing unit of all the other places in the metropolitan area. The city with the highest family members per housing unit in the area is Amagon which shows a family members per housing unit of 3.8 (34.7% larger). Comparing family members per housing unit to the United States average of 3.3, Hickory Ridge is about 16.0% smaller. Also, compared with the state of Arkansas, family members per housing unit of 3.2, Hickory Ridge is about 12.9% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.3 which is in the middle range of other places in the local area. The city with the highest average number of rooms in a house in the area is Tupelo which depicts an average number of rooms in a house of 6.2 (17.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1969 which is the second smallest when ranked by year built of all the other places in the metropolitan area. The city with the highest year built in the area is Amagon which shows a year built of 1984 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the second smallest in terms of homes built in 2020 or later of all the other places in the local area at 1% of the total. Second, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the local area when sorted by homes built between 2010 to 2019 at 1% of the total. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 16% of the total and is ranked #2. The only larger city being Amagon with 22%. Also, it has one of the largest proportions of homes built between 1970 to 1979 at 27% of the total and is ranked #2. The only larger city being Beedeville with 47%. In addition, it has the largest proportion of homes built between 1940 to 1949 at 11% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 49 of the total and is ranked #2. The only larger city being Cherry Valley with 69.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 50 or more units less than most other places in the area at 7% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 1980 to 1989 less than most other places in the area at $45,600 of the total. Second, it has one of the largest proportions of value of homes built 1970 to 1979 at $38,800 of the total and is ranked #3. Only #2 Fisher ($67,500), and #1 Cherry Valley ($68,800) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units the second smallest when sorted by occupied housing units of all the other places in the local area at 14% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Hickory Ridge residents. it has a Owner-Household Size of 2.7 which is the third most homeowner household size of all other places in the greater Hickory Ridge region. The city with the highest homeowner household size in the area is Beedeville which shows a homeowner household size of 2.9 (7.9% larger).

Figure 37 shows the household size for renters. Hickory Ridge depicts it has a Renter-Household Size of 2.0 which is in the center range of other places in the local area. The city with the highest renter household size in the area is Beedeville which depicts a renter household sizes of 3.8 (about twice as large). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 17% of the total and is ranked #2. The only larger city being Weldon with 27%. Second, it has the largest proportion of owners moved in 2010 to 2014 at 34% of the total and is ranked #1. Third, it has the second smallest when ranked by owners moved in 2019 or later of all the other places in the metro area when sorted by owners moved in 1990 to 1999 at 8% of the total. Figure 39 shows the year that people who rent moved into the area. Hickory Ridge has the percentage of renters moved in 2019 or later in the middle range of other places in the greater region at 35% of the total. Second, it has less than most other places in the local area as measured by renters moved in 2015 to 2018 at 12% of the total. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 18% of the total and is ranked #2. The only larger city being Fisher with 34%. Also, it has the largest proportion of renters moved in 1990 to 1999 at 13% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2000 which is the third most median year that a home owner moved in of all other places in the greater Hickory Ridge region. Figure 41 compares the median year that renters moved into their home. Hickory Ridge depicts it has a Renter Median Year Moved In of 2011 which is less than most other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using natural gas at 39% of the total and is ranked #2. The only larger city being Fisher with 41%. Second, it has one of the largest proportions of homes using coal or coke at 4% of the total and is ranked #2. The only larger city being Cherry Valley with 6%.