Pike County, Alabama Housing Market Prices
Pike County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 48% below the Alabama median Cheaper than 71% of counties in Alabama$82,697
-
Median rent 15% below the Alabama median$855
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pike County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,697 | $160,474 | $248,835 |
| Price Trend (Annual %) | -5.6% | 6.3% | 7.5% |
| Median Gross Rent | $855 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pike County is about 48% lower than in Alabama. Rent is about 15% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Pike County: home prices fell about 5.6% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in Pike County rose about 44.5% between 2015 and 2024, from $592 to $855. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Pike County.
Buying the median-priced home in Pike County costs roughly 8.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pike County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Pike County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,697 | $160,474 | $248,835 |
| Median Household Income | $48,841 | $64,544 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pike County fell about 32.4%, while median household income rose about 65.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pike County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.2% | 60.0% | 58.5% |
| Rental Rate | 29.7% | 25.5% | 31.2% |
| Vacancy Rate | 23.1% | 14.5% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Pike County has a homeownership rate of 47.2%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 23.1%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Pike County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1986 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Pike County was built around 1986. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Pike County, AL Housing Compared With Nearby Counties
Pike County, AL is the 4th largest of the 5 counties compared here, 32,986 residents against a local median of 52,259. Pike County, AL's median home price, at $82,697, runs 30% below the $117,388 typical of the counties around it.
The counties themselves spread $123,230 on median home price, so Pike County, AL sits at one end of an already wide local range rather than apart from it. Pike County, AL has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pike County, AL | 32,986 | $82,697 #3/5 | $855 #4/5 | 61.3% #4/5 |
| Crenshaw County, AL | 13,122 | $61,221 | $660 | 73.2% |
| Coffee County, AL | 54,920 | $184,451 | $1,018 | 72.3% |
| Montgomery County, AL | 226,670 | $167,433 | $1,092 | 57.8% |
| Dale County, AL | 49,597 | $67,344 | $888 | 61.9% |
Frequently Asked Questions
Common questions about the housing market in Pike County, Alabama.
What is the median home price in Pike County, Alabama?
The median home price in Pike County, Alabama is $82,697, lower than the Alabama average of $160,474.
What is the average home price in Pike County, Alabama?
The typical home price in Pike County, Alabama, reported as the median sale price, is $82,697. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pike County, Alabama?
The median gross rent in Pike County, Alabama is $855 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Pike County in 2020?
In 2020, the median gross rent in Pike County, Alabama was $727 per month.
What is the price-to-rent ratio in Pike County, Alabama?
The price-to-rent ratio in Pike County, Alabama is about 8.1, meaning it would take roughly 8.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Pike County.
Are home prices or rent rising faster in Pike County, Alabama?
Home prices and rent are moving in opposite directions in Pike County: home prices fell about 5.6% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Pike County, Alabama?
47.2% of households in Pike County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Pike County, Alabama?
The housing vacancy rate in Pike County, Alabama is 23.1%, higher than the Alabama average of 14.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →