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Pikeville, NC—27863

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$251,000
2.7% YoY Growth
Household Income
$78,100
37.6% YoY Growth
Days on Market
75
27.0% Shorter YoY
Home Price Forecast
-1.0%
Median Rent
$1,950
12.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$800
N/A
3-Bed Rent
$1,700
13.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Pikeville, NC

As of May '26, the median home price in Pikeville, NC is $251,000, with a year-over-year change of 2.7%. This indicates that home prices in Pikeville, NC are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$251,0002.7%
Single Family $251,0002.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$137,0000.0%
    3 Bed
    		$269,0001.9%
    4 Bed
    		$349,0001.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    1.6%
    2 Bedrooms
    16.9%
    3 Bedrooms
    57.5%
    4 Bedrooms
    18.9%
    5+ Bedrooms
    3.8%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,950$1,840
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $800$875
    3 Bed Rent $1,700$1,730
    4 Bed Rent $2,500$2,510
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    % of Rental Stock

    1 Bedroom
    7.4%
    2 Bedrooms
    49.3%
    3 Bedrooms
    38.0%
    4 Bedrooms
    5.4%

    Property Listings — Pikeville, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Pikeville, NC is 75. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$315,0002.0%
    Listing Count
    		9513.0%
    Listings as % of Homes0.9%13.0%
    Days on Market
    		75-27.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		13,4004.2%
    % Under 18
    		24.7%-7.5%
    % Seniors
    		13.1%-7.7%
    % WFH
    		2.5%8.7%
    % w/ College Degree
    		18.2%4.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$251,000
    Median Household Income$78,100

    Pikeville, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    27830

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    27533

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    27534

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    Frequently Asked Questions