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 2019 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 152 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 shows it has a housing density of 231.7 which is less than most other places in the metro area. The city with the highest housing density in the area is Fisher which depicts a density of 438.3 (about twice as large). Comparing housing density to the United States average of 38.6, Hickory Ridge is considerably bigger. Also, compared to the state of Arkansas, housing density of 26.1, Hickory Ridge is very much 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 shows it has a change in the housing units of 4.8% which is the third most housing units of all other places in the greater Hickory Ridge region. The city with the highest change in the housing units in the area is Cherry Valley which shows a housing units of 21.9% (approximately 4.5 times bigger). Comparing change in the housing units to the United States average of 4.9%, Hickory Ridge is about the same size. Also, measured against the state of Arkansas, change in the housing units of 3.5%, Hickory Ridge is 38.9% larger.

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 shows it has a renter percent of 43.4% which is more than all other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 56.6% which is the smallest in order of owner percent of all the other places in the local 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 price of $39,700 which is the second smallest in order of median home price of all the other places in the greater region. The city with the highest median home price in the area is Fisher which shows a home price of $61,900 (55.9% larger).

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 in the mid range of other places in the area at 70% of the total. Second, it has in the mid range of other places in the local area in order of home price worth between $50,000 to $100,000 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 ownership cost of $500 which is in the middle range of other places in the metro area. 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 cost as a percent of household income of 13% which is in the mid range of other places in the local area. 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 a percent of median worker earnings of 113% which is in the middle range of other places in the surrounding region.

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 depicts it has a median housing cost of $687 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 housing cost of $314 which is the third most median housing cost of all other places in the greater Hickory Ridge 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 the percentage of owner cost less than $300 in the middle range of other places in the area at 25% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 40% of the total and is ranked #3. Only #2 Fisher (41%), and #1 Tupelo (44%) are larger. Third, it has one of the largest proportions of owner cost between $500 and $700 at 28% of the total and is ranked #3. Only #2 Cherry Valley (29%), and #1 Beedeville (33%) are larger.

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 shows it has a cost as a percent of household income of 16% 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 Weldon which depicts a cost as a percent of household income of 38% (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 shows it has a cost as a percent of household income of 9% 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% (50.0% 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 one of the largest proportions of rent as a percent of income is less than 10 pct at 9% of the total and is ranked #2. The only larger city being Fisher with 17%. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 24% of the total and is ranked #3. Only #2 Weldon (27%), and #1 Fisher (33%) are larger. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 26% of the total and is ranked #2. The only larger city being Amagon with 67%. Also, it has less than most other places in the surrounding region when ranked by rent as a percent of income is over 50pct at 2% of the total.

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 $305 which is in the intermediate range of other places in the local area. The city with the highest median real estate taxes paid in the area is Fisher which shows a taxes paid of $540 (77.0% larger). Comparing median real estate taxes paid to the United States average of $2,375, Hickory Ridge is approximately an eigth the size. Also, compared with the state of Arkansas, median real estate taxes paid of $776, Hickory Ridge is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Hickory Ridge Arkansas. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Hickory Ridge has the smallest proportion of pay extra for utilities at 96% of the total. Second, it has the largest proportion of utilities included in rent at 4% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Hickory Ridge Arkansas has the largest proportion of rent less than 300 dollars at 41% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 300 and 500 dollars at 24% of the total and is ranked #3. Only #2 Beedeville (62%), and #1 Amagon (100%) are larger. Third, it has less than most other places in the local area as measured by rent between 500 and 750 dollars at 9% of the total. Also, it has one of the largest proportions of rent between 750 and 1000 dollars at 2% of the total and is ranked #3. Only #2 Beedeville (15%), and #1 Cherry Valley (42%) 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 mid point range of other places in the surrounding region at 43% of the total. Second, it has in the mid range of other places in the metro area when sorted by no 2nd mortgage and no heloc at 43% of the total. Third, it has in the middle range of other places in the metropolitan area in order of no mortgage at 57% 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 center range of other places in the area at 43% of the total. Second, it has in the mid range of other places in the surrounding region when sorted by houses without mortgages at 57% 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 members per housing unit of 2.7 which is less than most other places in the metro area. The city with the highest family members per housing unit in the area is Cherry Valley which indicates a family members per housing unit of 3.5 (30.0% larger). Comparing family members per housing unit to the United States average of 3.3, Hickory Ridge is about 24.1% smaller. Also, versus the state of Arkansas, family members per housing unit of 3.2, Hickory Ridge is about 18.6% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.2 which is in the center range of other places in the local area. The city with the highest average number of rooms in a house in the area is Weldon which depicts an average number of rooms in a house of 6.1 (17.3% 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 year built of 1968 which is the smallest when ranked by year built of all the other places in the local area. The city with the highest year built in the area is Beedeville which shows a year built of 1978 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 1% of the total and is ranked #1. Second, it has the smallest proportion of homes built between 2000 to 2009 at 1% of the total. Third, it has the largest proportion of homes built between 1960 to 1969 at 30% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1939 or earlier at 12% 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 60 of the total and is ranked #3. Only #2 Fisher (69), and #1 Cherry Valley (176) are larger. Second, it has one of the largest proportions of renter housing units at 46 of the total and is ranked #3. Only #2 Fisher (48), and #1 Cherry Valley (100) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 2 units at 8% of the total and is ranked #3. Only #2 Fisher (8%), and #1 Beedeville (18%) are larger. Second, it has the second smallest as measured by one unit detached of all the other places in the local area as measured by mobile home at 10% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1980 to 1989 at $41,700 of the total and is ranked #3. Only #2 Fisher ($50,000), and #1 Cherry Valley ($69,400) are larger. Second, it has one of the largest proportions of value of homes built 1960 to 1969 at $39,000 of the total and is ranked #3. Only #2 Cherry Valley ($56,800), and #1 Fisher ($102,500) 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 in terms of occupied housing units of all the other places in the greater region at 70% of the total. Second, it has one of the largest proportions of vacant housing units at 30% of the total and is ranked #2. The only larger city being Beedeville with 38%.

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 homeowner household size of 2.6 which is the second most homeowner household size of all the places in the greater Hickory Ridge region. The city with the highest homeowner household size in the area is Fisher which depicts a homeowner household size of 2.7 (6.6% larger).

Figure 37 shows the household size for renters. Hickory Ridge depicts it has a renter household size of 1.8 which is the second smallest when ranked by renter household size of all the other places in the surrounding region. The city with the highest renter household size in the area is Cherry Valley which indicates a renter household sizes of 3.5 (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 2010 to 2014 at 32% of the total and is ranked #2. The only larger city being Cherry Valley with 37%. Second, it has in the mid range of other places in the area in order of owners moved in 2000 to 2009 at 27% of the total. Third, it has the second smallest as measured by owners moved in 2017 or later of all the other places in the metropolitan area when ranked by owners moved in 1990 to 1999 at 11% of the total. Figure 39 shows the year that people who rent moved into the area. Hickory Ridge has one of the largest proportions of renters moved in 2017 or later at 6% of the total and is ranked #2. The only larger city being Cherry Valley with 8%. Second, it has the largest proportion of renters moved in 2015 to 2016 at 49% of the total and is ranked #1. Third, it has less than most other places in the metropolitan area when sorted by renters moved in 2010 to 2014 at 28% of the total. Also, it has one of the largest proportions of renters moved in 1989 or earlier at 1% of the total and is ranked #3. Only #2 Cherry Valley (2%), and #1 Tupelo (14%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 1998 which is in the mid range of other places in the local area. Figure 41 compares the median year that renters moved into their home. Hickory Ridge shows it has a median year that a renter moved in of 2014 which is the largest of all places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of homes using natural gas in the mid range of other places in the greater region at 17% of the total. Second, it has one of the largest proportions of home using bottled, tank, or lp gas at 35% of the total and is ranked #3. Only #2 Fisher (46%), and #1 Beedeville (62%) are larger. Third, it has the largest proportion of homes using wood at 5% of the total and is ranked #1. Also, it has the largest proportion of homes using some other fuel at 5% of the total and is ranked #1.