Pikeville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pikeville, NC 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Pikeville Housing Market Information

With a population of 692, 317 total housing units (homes and apartments), and a median house value of $123,066, house prices in Pikeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Pikeville, accounting for 79.19% of the town's housing units. Other types of housing that are prevalent in Pikeville include mobile homes or trailers ( 15.68%), duplexes, homes converted to apartments or other small apartment buildings ( 4.05%).

The most prevalent building size and type in Pikeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.51% owning and 38.49% renting.

There is a lot of housing in Pikeville 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 Pikeville built between 1940-1969 ( 29.46%). A lesser amount of the housing stock also hails from before 1939 ( 13.78%). There's also some housing in Pikeville built between 2000 and later ( 11.89%).

Vacant housing appears to be an issue in Pikeville. Fully 14.32% of the housing stock is classified as vacant. Left unchecked, vacant Pikeville homes and apartments can be a drag on the real estate market, holding Pikeville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pikeville Home Appreciation Rates

Real estate appreciation rates in Pikeville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

Over the last year, Pikeville appreciation rates have trailed the rest of the nation. In the last twelve months, Pikeville's appreciation rate has been -5.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pikeville were at -2.40%, which equates to an annual appreciation rate of -9.27%.

Notably, Pikeville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Pikeville's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$123,066

Pikeville, NC HOME PRICES

Value Range
> $1,004,000 0.4
$753,001 - $1,004,000 0.0
$502,001 - $753,000 0.1
$401,001 - $502,000 1.9
$301,001 - $401,000 3.2
$201,001 - $301,000 16.9
$100,001 - $201,000 42.9
$50,001 - $100,000 21.9
$0 - $50,000 12.6

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
63.7349115199813 59.1651542649728

Number Of Homes And Apartments:
317

Pikeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.24% 1.07% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 61.51
Renters 38.49
Vacant 14.32

Housing Market Details

 

Age of Homes

AGE OF Pikeville HOMES
2000 or Newer 11.9
1970 - 1999 44.9
1940 - 1969 29.5
1939 or Older 13.8

Types of Homes

TYPE OF Pikeville HOMES
Single-Family 79.2
Townhomes 0.8
Small Apt. Buildings 4.1
Apt. Complexes 0.3
Mobile Homes 15.7
Other 0.0

Home Size

SIZE OF Pikeville HOMES
No Bedroom 2.16
1 Bedroom 3.78
2 Bedrooms 28.38
3 Bedrooms 52.43
4 Bedrooms 11.89
5 or more bedrooms 1.35

Popular Neighborhoods in Pikeville

Zip Codes in Pikeville, NC