Pike Road AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




Pike Road, AL Real Estate Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pike Road Housing Market Information

With 9,803 people, 3,221 houses or apartments, and a median cost of homes of $292,251, 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 86.18% of Pike Road's homes, and 72.27% 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. 62.23% 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 ( 34.39%), and between 1940-1969 ( 3.10%).

Pike Road Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pike Road, where house values have increased just 1.94%, which is annualized rate of 0.19%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Pike Road appreciation rates have trailed the rest of the nation. In the last twelve months, Pike Road's appreciation rate has been 0.97%, 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 Road were at 0.85%, which equates to an annual appreciation rate of 3.45%.

Relative to Alabama, our data show that Pike Road's latest annual appreciation rate is lower than 90% 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:
$292,251

Pike Road, AL HOME PRICES

Value Range
> $1,033,000 1.3
$775,001 - $1,033,000 2.4
$516,001 - $775,000 10.1
$413,001 - $516,000 11.2
$310,001 - $413,000 14.6
$207,001 - $310,000 27.5
$103,001 - $207,000 24.1
$52,001 - $103,000 5.3
$0 - $52,000 3.4

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
22.1605839416058 2.7431421446384

Number Of Homes And Apartments:
3,221

Pike Road Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
17.61% 0.80%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,493 / per month

Homeownership Rate

Homeownership
Owners 86.18
Renters 13.82
Vacant 9.14

Housing Market Details

 

Age of Homes

AGE OF Pike Road HOMES
2000 or Newer 62.2
1970 - 1999 34.4
1940 - 1969 3.1
1939 or Older 0.3

Types of Homes

TYPE OF Pike Road HOMES
Single-Family 87.1
Townhomes 0.4
Small Apt. Buildings 0.5
Apt. Complexes 10.9
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Pike Road HOMES
No Bedroom 0.00
1 Bedroom 2.28
2 Bedrooms 6.94
3 Bedrooms 33.91
4 Bedrooms 38.36
5 or more bedrooms 18.50

Popular Neighborhoods in Pike Road

Popular Communities Near Pike Road, AL

Zip Codes in Pike Road, AL