Pikeville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pikeville, NC Real Estate Data


Pikeville Housing Market Information

With 692 people, 317 houses or apartments, and a median cost of homes of $126,452, 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

Appreciation rates for homes in Pikeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.39%, which ranks in the top 50% nationwide. This equates to an annual average Pikeville house appreciation rate of 0.14%.

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 -0.24%, 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 -0.20%, which equates to an annual appreciation rate of -0.79%.

Relative to North Carolina, our data show that Pikeville's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$126,452

Pikeville, NC HOME PRICES

Value Range
> $1,031,000 0.4
$773,001 - $1,031,000 0.0
$516,001 - $773,000 0.1
$413,001 - $516,000 1.9
$309,001 - $413,000 3.2
$206,001 - $309,000 16.9
$103,001 - $206,000 42.9
$51,001 - $103,000 21.9
$0 - $51,000 12.6

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
61.5024024375952 57.8947368421053

Number Of Homes And Apartments:
317

Rent & Ownership

 

Average Market Rent:
$883 / 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

Pikeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
23.57% 1.23% 5 3
* 10 is highest

Popular Neighborhoods in Pikeville

Zip Codes in Pikeville, NC