Pilot—89883
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pilot
As of Oct '25, the median home price in Pilot is $288,000, with a year-over-year change of 2.5%. This indicates that home prices in Pilot are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 2.6% |
| Single Family | $295,000 | 2.1% |
| 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 | $275,000 | 2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pilot
Pilot lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,210 | $1,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,210 | $1,210 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pilot
Pilot lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.0% | N/A |
Days on Market | N/A | N/A |
Demographics — Pilot
As of the latest ACS Survey released in 2023, Pilot has a population of 4,650, which has increased by 7.6% over the past 5 years. Pilot is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,650 | 7.6% |
% Under 18 | 31.1% | -8.0% |
% Seniors | 5.4% | -23.9% |
% WFH | 5.3% | 307.7% |
% w/ College Degree | 10.0% | 31.6% |
As of the latest ACS Survey released in 2023, Pilot is a predominantly hispanic area, with 61.8% of the population identifying as hispanic. The hispanic population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Pilot is white, making up 34.1% of the population. Foreign-born residents account for 25.7% of the population in Pilot, and this percentage has increased by 12.2% 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 | 34.1% | -9.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 61.8% | 2.3% |
% Asian | 1.5% | ∞% |
% Foreign Born | 25.7% | 12.2% |
Mortgage and Risk — Pilot
According to HUD data as of 2023, there were 30 mortgage originations in Pilot, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Pilot. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pilot
Pilot lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | $490 | $1,210 | $1,700 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Pilot
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $288,000 |
| Median Household Income | $47,400 |