Pikeville, TN—37367
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pikeville, TN
Pikeville, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 0.9% |
| Single Family | $233,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 1.1% |
3 Bed | $277,000 | 3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pikeville, TN
As of July '25, Rentcast reports the average rent in Pikeville, TN is $1,450, with a year-over-year rent change of 29.5%. Per bedroom, the median rent as of July '25 in Pikeville, TN is 3-bedrooms: $1,450. The most common rental property sizes in Pikeville, TN are 3-bedroom and 2-bedroom, accounting for 42.6% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pikeville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pikeville, TN is 76. This is a decrease of -11.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $318,000 | -23.0% |
Listing Count | 57 | 34.0% |
| Listings as % of Homes | 0.8% | 34.0% |
Days on Market | 76 | -11.0% |
Demographics — Pikeville, TN
As of the latest ACS Survey released in 2023, Pikeville, TN has a population of 11,700, which has decreased by -3.4% over the past 5 years. Pikeville, TN is a moderately popular place for families, as children make up 15.6% of the population. The area has a poorly educated workforce, with 10.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | -3.4% |
% Under 18 | 15.6% | -3.1% |
% Seniors | 20.6% | 33.8% |
% WFH | 5.7% | 35.7% |
% w/ College Degree | 10.5% | -21.1% |
As of the latest ACS Survey released in 2023, Pikeville, TN is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Pikeville, TN is black, making up 6.9% of the population. Foreign-born residents account for 1.9% of the population in Pikeville, TN, and this percentage has decreased by 32.1% 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 | 86.0% | -1.5% |
% Black | 6.9% | 27.8% |
% Hispanic | 2.4% | 4.3% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.9% | -32.1% |
Mortgage and Risk — Pikeville, TN
According to HUD data as of 2023, there were 155 mortgage originations in Pikeville, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Pikeville, TN. Investor activity is low, as 6.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Pikeville, TN
Pikeville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 16.6% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | -$280 | $1,450 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Pikeville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $234,000 |
| Median Household Income | $54,700 |