Pikeville, NC—27863
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pikeville, NC
As of Oct '25, the median home price in Pikeville, NC is $238,000, with a year-over-year change of -0.1%. This indicates that home prices in Pikeville, NC are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | -0.1% |
| Single Family | $238,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | -2.2% |
3 Bed | $263,000 | 0.8% |
4 Bed | $346,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pikeville, NC
As of July '25, Rentcast reports the average rent in Pikeville, NC is $1,840, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Pikeville, NC is 2-bedrooms: $875, 3-bedrooms: $1,730, 4-bedrooms: $2,510. The most common rental property sizes in Pikeville, NC are 2-bedroom and 3-bedroom, accounting for 49.3% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $875 |
| 3 Bed Rent | $1,700 | $1,730 |
| 4 Bed Rent | $2,500 | $2,510 |
% of Rental Stock
Property Listings — Pikeville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pikeville, NC is 83. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | 2.0% |
Listing Count | 84 | 6.0% |
| Listings as % of Homes | 0.9% | 6.0% |
Days on Market | 83 | 19.0% |
Demographics — Pikeville, NC
As of the latest ACS Survey released in 2023, Pikeville, NC has a population of 13,400, which has increased by 4.2% over the past 5 years. Pikeville, NC is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,400 | 4.2% |
% Under 18 | 24.7% | -7.5% |
% Seniors | 13.1% | -7.7% |
% WFH | 2.5% | 8.7% |
% w/ College Degree | 18.2% | 4.6% |
As of the latest ACS Survey released in 2023, Pikeville, NC is a predominantly white area, with 73.1% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Pikeville, NC is black, making up 14.9% of the population. Foreign-born residents account for 3.3% of the population in Pikeville, NC, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.1% | 3.4% |
% Black | 14.9% | -15.8% |
% Hispanic | 9.7% | -5.8% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 3.3% | -25.0% |
Mortgage and Risk — Pikeville, NC
According to HUD data as of 2023, there were 317 mortgage originations in Pikeville, NC, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Pikeville, NC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pikeville, NC
Pikeville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | $690 | $800 | $1,490 |
| 3 Bedroom | $140 | $1,700 | $1,840 |
| 4 Bedroom | -$60 | $2,500 | $2,440 |
Affordability — Pikeville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $238,000 |
| Median Household Income | $78,100 |