menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pike Road, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pike Road, AL Housing Market Trends

With a population of 10,701, 3,232 total housing units (homes and apartments), and a median house value of $459,492, Pike Road real estate is some of the most expensive in Alabama, although Pike Road home values aren't among America's most expensive.

Pike Road is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Pike Road than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pike Road. Owner-occupied housing accounts for 84.81% of Pike Road's homes, and 71.71% have either three or four bedrooms, which is average sized relative to America.

Pike Road homes and real estate are some of the newest in America. 68.84% of Pike Road's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pike Road real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.88%), and before 1939 ( 0.85%).

Pike Road Home Appreciation Rates

Pike Road's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pike Road during the period has been just 4.31%, which is lower than 80% of US communities.

Appreciation rates are so strong in Pike Road that despite a nationwide downturn in the housing market, Pike Road real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pike Road appreciation rates continue to be some of the highest in America, at 7.53%, which is higher than appreciation rates in 78.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pike Road. Pike Road appreciation rates in the latest quarter were at 3.19%, which equates to an annual appreciation rate of 13.37%.

Importantly, this makes Pike Road one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Alabama, our data show that Pike Road's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Pike Road differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pike Road - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pike Road real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$459,492

Pike Road, AL Home Prices
> $1,330,000
$997,001 - $1,330,000
$665,001 - $997,000
$532,001 - $665,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
1.6%
1.6%
5.1%
5.1%
11.8%
11.8%
19.2%
19.2%
24.4%
24.4%
20.3%
20.3%
11.3%
11.3%
2.1%
2.1%
4.1%
4.1%
0% 100.0%
% of Homes
Very High

for Alabama

Very High

for nation

Number of Homes And Apartments:

3,232

Pike Road Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,163 / per month

Homeownership Rate

Owners
Renters
84.8%
84.8%
15.2%
15.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
68.8%
68.8%
29.9%
29.9%
0.4%
0.4%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.1%
84.1%
0.9%
0.9%
0.3%
0.3%
13.2%
13.2%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
2.7%
2.7%
8.8%
8.8%
33.3%
33.3%
38.4%
38.4%
15.3%
15.3%
0% 100.0%
% of Homes

Popular Communities Near Pike Road, AL

Zip Codes in Pike Road, AL