Pike Creek appreciation rates and housing market information

Pike Creek housing market information

With 19,748 people, 8,396 houses or apartments, and a median cost of homes of $338,700, Pike Creek house prices are not only among the most expensive in Delaware, Pike Creek real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Pike Creek, accounting for 40.04% of the town's housing units. Other types of housing that are prevalent in Pike Creek include row houses and other attached homes (33.21%), large apartment complexes or high rise apartments (24.54%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.22%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pike Creek. Owner-occupied housing accounts for 72.33% of Pike Creek's homes, and 59.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pike Creek built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pike Creek built from 1940-1969 (11.46%). A lesser amount of the housing stock also hails from 1995 and later (8.41%), and some were built from 1939 and earlier (8.41%).

Pike Creek home appreciation rates

Appreciation rates for homes in Pike Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.72%, which ranks in the top 20% nationwide. This equates to an annual average Pike Creek house appreciation rate of 10.87%.

Over the last year, Pike Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Pike Creek's appreciation rate has been -1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pike Creek were at -1.19%, which equates to an annual appreciation rate of -4.76%.

Relative to Delaware, our data show that Pike Creek's latest annual appreciation rate is higher than 29% of the other cities and towns in Delaware.