Pike Road, AL—36064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pike Road, AL
As of Oct '25, the median home price in Pike Road, AL is $390,000, with a year-over-year change of 1.6%. This indicates that home prices in Pike Road, AL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 1.6% |
| Single Family | $390,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $307,000 | 1.3% |
4 Bed | $401,000 | 1.0% |
| 5 Bed | $514,000 | 2.2% |
% of Housing Stock
Rental Trends — Pike Road, AL
As of July '25, Rentcast reports the average rent in Pike Road, AL is $2,400, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Pike Road, AL is 1-bedrooms: $1,260, 3-bedrooms: $2,000, 4-bedrooms: $2,540. The most common rental property sizes in Pike Road, AL are 3-bedroom and 2-bedroom, accounting for 42.8% and 19.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,260 | $1,260 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,250 | $2,000 |
| 4 Bed Rent | $2,400 | $2,540 |
% of Rental Stock
Property Listings — Pike Road, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pike Road, AL is 96. This is a increase of 12.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $476,000 | 7.0% |
Listing Count | 145 | -10.0% |
| Listings as % of Homes | 1.7% | -10.0% |
Days on Market | 96 | 12.0% |
Demographics — Pike Road, AL
As of the latest ACS Survey released in 2023, Pike Road, AL has a population of 13,800, which has increased by 41.6% over the past 5 years. Pike Road, AL is a popular place for families, as children make up 31.4% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,800 | 41.6% |
% Under 18 | 31.4% | 8.3% |
% Seniors | 11.5% | -10.9% |
% WFH | 12.3% | 146.0% |
% w/ College Degree | 57.7% | 0.3% |
As of the latest ACS Survey released in 2023, Pike Road, AL is a predominantly white area, with 62.4% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Pike Road, AL is black, making up 21.4% of the population. Foreign-born residents account for 7.5% of the population in Pike Road, AL, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.4% | -10.9% |
% Black | 21.4% | -4.0% |
% Hispanic | 6.2% | 181.8% |
% Asian | 6.7% | 45.7% |
% Foreign Born | 7.5% | 66.7% |
Mortgage and Risk — Pike Road, AL
According to HUD data as of 2023, there were 386 mortgage originations in Pike Road, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Pike Road, AL. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pike Road, AL
Pike Road, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,260 | $1,300 |
| 2 Bedroom | N/A | N/A | $1,540 |
| 3 Bedroom | -$290 | $2,250 | $1,960 |
| 4 Bedroom | $30 | $2,400 | $2,430 |
Affordability — Pike Road, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $390,000 |
| Median Household Income | $122,000 |