Pike Road, AL is a great place to invest in housing. The median value of a house in Pike Road is $390,500 which is significantly higher than the US house median value of $338,100. This means that houses in Pike Road are more likely to appreciate quickly and yield a higher return on investment. Furthermore, the one year house appreciation rate in Pike Road is 15.87%, which is much higher than the US average of 8.27%. This indicates that there has been strong demand for housing in Pike Road over the last year, making it an attractive option for those looking to invest.
The median home cost in Pike Road is $390,500. Home appreciation the last 10 years has been 45.6%. Home Appreciation in Pike Road is up 13.6%.
Average Age of Homes
- The median age of Pike Road real estate is 14 years old
The Rental Market in Pike Road
- Renters make up 7.6% of the Pike Road population
- 1.1% of houses and apartments in Pike Road, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.