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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pikeville, NC Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pikeville, NC Housing Market Trends

With 710 people, 282 houses or apartments, and a median cost of homes of $209,187, 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 63.04% of the town's housing units. Other types of housing that are prevalent in Pikeville include mobile homes or trailers ( 23.37%), duplexes, homes converted to apartments or other small apartment buildings ( 9.78%), and a few row houses and other attached homes ( 3.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pikeville. Owner-occupied housing accounts for 69.86% of Pikeville's homes, and 63.32% have either three or four bedrooms, which is average sized relative to America.

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 ( 30.98%). A lesser amount of the housing stock also hails from before 1939 ( 7.07%). There's also some housing in Pikeville built between 2000 and later ( 6.25%).

Vacant housing appears to be an issue in Pikeville. Fully 23.37% 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

Pikeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pikeville during the period has been just 4.90%, which is lower than 80% of US communities.

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 3.63%, 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 -1.00%, which equates to an annual appreciation rate of -3.93%.

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 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$209,187

Pikeville, NC Home Prices
> $1,367,000
$1,025,001 - $1,367,000
$683,001 - $1,025,000
$547,001 - $683,000
$410,001 - $547,000
$273,001 - $410,000
$137,001 - $273,000
$68,001 - $137,000
$0 - $68,000
0.2%
0.2%
0.4%
0.4%
0.7%
0.7%
2.2%
2.2%
8.4%
8.4%
26.8%
26.8%
37.7%
37.7%
13.8%
13.8%
9.7%
9.7%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

282

Pikeville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,378 / per month

Homeownership Rate

Owners
Renters
69.9%
69.9%
30.1%
30.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.4%
23.4%
76.6%
76.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.3%
6.3%
55.7%
55.7%
31.0%
31.0%
7.1%
7.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.0%
63.0%
3.3%
3.3%
9.8%
9.8%
0.5%
0.5%
23.4%
23.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.9%
1.9%
34.8%
34.8%
46.7%
46.7%
16.6%
16.6%
0.0%
0.0%
0% 100.0%
% of Homes