Total monthly cost of ownership
Cost to Own a Home in Hickman, Kentucky
A $69,000 home here costs
$739per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $31,500 a year.
A standard mortgage calculator would have told you $376. The real number is $363 higher every month, 96% more than the payment most buyers budget for.
Compare Fulton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hickman from a five-year rolling sample, and with about 2,033 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Fulton County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hickman against Fulton County and Kentucky
| Measure | Hickman | Fulton County |
|---|---|---|
| Median home value | $68,700 | $78,100 |
| Median property tax | $674 | $562 |
| Effective tax rate | 0.981% | 0.720% |
| Median gross rent | $414 | $542 |
| Population | 2,033 | 6,440 |
The weather behind that power bill
Hickman sits in Fulton County, which averages a high of 87.0°F in its hottest month and a low of 26.5°F in its coldest, with 53.17" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,423 cooling and 4,021 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Fulton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fulton County
Full Fulton County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Hickman averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hickman every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hickman I already own here and may sell
Common questions
How much does it cost to own a home in Hickman?
A $69,000 home in Hickman, Kentucky costs approximately $739 per month with 20% down at 7.24%. That is $376 principal and interest, $56 property tax, $36 homeowners insurance, $212 utilities and $58 set aside for maintenance.
What is the property tax rate in Hickman?
Hickman has an effective property tax rate of 0.981%, based on a median home value of $68,700 and median real estate taxes of $674. That is higher than the Fulton County average of 0.720%.
What is the average home price in Hickman?
The median owner-occupied home value in Hickman, Kentucky is $68,700, against $78,100 across Fulton County.
Is it cheaper to rent or buy in Hickman?
Median gross rent in Hickman is $414 a month, against $739 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hickman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hickman, Kentucky at today's rate takes a household income of roughly $31,500 a year. That covers the full $739 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hickman, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Kentucky.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.