Pike Road, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pike Road, AL Real Estate Data


Pike Road Housing Market Information

With a population of 8,274, 2,628 total housing units (homes and apartments), and a median house value of $276,896, 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 93.11% of Pike Road's homes, and 81.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pike Road built from 1970 to 1999 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 Road built between 2000 and later ( 45.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.43%).

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 -1.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pike Road's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Pike Road's appreciation rate has been -0.30%, which annualizes to a rate of -1.18%.

Relative to Alabama, our data show that Pike Road's latest annual appreciation rate is higher than 50% 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:
$276,896

Pike Road, AL HOME PRICES

Value Range
> $1,031,000 0.6
$773,001 - $1,031,000 1.1
$515,001 - $773,000 9.3
$412,001 - $515,000 7.1
$309,001 - $412,000 16.1
$206,001 - $309,000 26.6
$103,001 - $206,000 26.2
$51,001 - $103,000 6.0
$0 - $51,000 6.2

Very High for AL
Very High for Nation

Value Relative to Nation Value Relative to State
18.574944333763 2.0

Number Of Homes And Apartments:
2,628

Rent & Ownership

 

Average Market Rent:
$1,734 / per month

Homeownership Rate

Homeownership
Owners 93.11
Renters 6.89
Vacant 6.08

Housing Market Details

 

Age of Homes

AGE OF Pike Road HOMES
2000 or Newer 45.6
1970 - 1999 51.2
1940 - 1969 2.4
1939 or Older 0.7

Types of Homes

TYPE OF Pike Road HOMES
Single-Family 97.8
Townhomes 0.2
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Pike Road HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.93
3 Bedrooms 35.56
4 Bedrooms 45.46
5 or more bedrooms 12.04

Pike Road Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
11.56% 0.64% 1 1
* 10 is highest

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