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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,701 people, 3,232 houses or apartments, and a median cost of homes of $382,514, 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 84.81% of Pike Road's homes, and 71.71% 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. 68.84% 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 ( 29.88%), and before 1939 ( 0.85%).
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 28.23%, which is annualized rate of 2.52%. 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 -4.34%, 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 0.65%, which equates to an annual appreciation rate of 2.62%.
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.
$382,514
for Alabama
for nation
3,232
$2,180 / per month