Hickory Valley, TN Profile: Facts & Data

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Hickory Valley, Tennessee - Basic Facts

The Town of Hickory Valley had a population of 77 as of July 1, 2023. Hickory Valley ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Hickory Valley is located at latitude 35.1537 and longitude -89.1278 in Hardeman County. The formal boundaries for the Town of Hickory Valley encompass a land area of 0.33 sq. miles and a water area of 0 sq. miles. Hardeman County is in the Central time zone (GMT -6).

The Town of Hickory Valley has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Hickory Valley is located within Commissioner District 4, a minor civil division (MCD) of Hardeman County.


Jump to... (On This Page!)
  1. Hickory Valley 2023 Demographic Data
  2. Growth Rates for Hickory Valley (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2023 Demographics
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Hickory Valley, TN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 77 (100%)
Population in Households 77 (100.0%)
Population in Families 38 (49.4%)
Population in Group Quarters1 0
Population Density 243
Diversity Index2 43
 
 

INCOME

Median Household Income $57,519
Average Household Income $76,140
% of Income for Mortgage4 0%
Per Capita Income $42,520
Wealth Index5 57
Socioeconomic Status Index6 Moderate (52.0)
 

HOUSING

Total HU (Housing Units) 52 (100%)
Owner Occupied HU 25 (48.1%)
Renter Occupied HU 18 (34.6%)
Vacant Housing Units 9 (17.3%)
Median Home Value $204,167
Average Home Value $271,000
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 43
Average Household Size 1.79
Family Households 14
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.40% -0.26%
Households 3.88% 0.00%
Families   -1.47%
Median Household Income   2.13%
Per Capita Income   2.66%
Owner Occupied HU   -2.52%

Hickory Valley, TN - Peer Comparisons by Rank and Percentile

The table below compares Hickory Valley to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 499 1st
Population Density # 359 29th
Median Household Income # 181 64th
Housing Affordability Index # 4 1st
Per Capita Income # 47 91st
Diversity Index # 99 81st

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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