Pikeville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pikeville, TN 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 1,636 people, 703 houses or apartments, and a median cost of homes of $125,878, 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 57.50% of the city's housing units. Other types of housing that are prevalent in Pikeville include mobile homes or trailers ( 22.00%), large apartment complexes or high rise apartments ( 10.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.50%).

People in Pikeville primarily live in small (one, two or no bedroom) single-family detached homes. Pikeville has a mixture of owner-occupied and renter-occupied housing.

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 ( 29.75%). A lesser amount of the housing stock also hails from before 1939 ( 13.00%). There's also some housing in Pikeville built between 2000 and later ( 7.13%).

Vacant housing appears to be an issue in Pikeville. Fully 12.13% 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 5.16%, which ranks in the top 40% nationwide. This equates to an annual average Pikeville house appreciation rate of 0.50%.

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 1.38%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$125,878

Pikeville, TN HOME PRICES

Value Range
> $1,091,000 0.5
$818,001 - $1,091,000 0.0
$546,001 - $818,000 0.0
$437,001 - $546,000 3.1
$327,001 - $437,000 7.4
$218,001 - $327,000 16.3
$109,001 - $218,000 31.6
$55,001 - $109,000 23.8
$0 - $55,000 17.3

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
62.0473455994375 47.7040816326531

Number Of Homes And Apartments:
703

Pikeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
42.73% 2.08% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$663 / per month

Homeownership Rate

Homeownership
Owners 40.66
Renters 59.34
Vacant 12.13

Housing Market Details

 

Age of Homes

AGE OF Pikeville HOMES
2000 or Newer 7.1
1970 - 1999 50.1
1940 - 1969 29.8
1939 or Older 13.0

Types of Homes

TYPE OF Pikeville HOMES
Single-Family 57.5
Townhomes 1.0
Small Apt. Buildings 9.5
Apt. Complexes 10.0
Mobile Homes 22.0
Other 0.0

Home Size

SIZE OF Pikeville HOMES
No Bedroom 0.88
1 Bedroom 9.38
2 Bedrooms 38.63
3 Bedrooms 37.38
4 Bedrooms 10.88
5 or more bedrooms 2.88

Popular Neighborhoods in Pikeville

Popular Communities Near Pikeville, TN

Zip Codes in Pikeville, TN