There are currently 3,650 real estate properties in Pike Road, AL, with a median automated valuation model (AVM) price of $318,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pike Road, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pike Road, AL, is $335,339.00, with the most expensive house in Pike Road, AL, topping out at $3,199,100.00 and the cheapest home in Pike Road, AL, clocking in at $31,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Pike Road, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pike Road, AL, is on a rollercoaster ride. The average rent price in Pike Road, AL, is $1,525.00. Indeed, when looking to rent in Pike Road, AL, you can expect to pay as little as $650.00 or as much as $3,450.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Pike Road, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Pike Road, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Pike Road, AL and much more. Save thousands at closing with home foreclosure listings in Pike Road, AL — up to 75% off market value!
Pike Road is located in Montgomery, Alabama, with an estimated municipal population of 10,159 residents. All of the best foreclosed homes for sale in Pike Road are located in the following zip code areas on Foreclosure.com: 36064 36013 36116. The estimated population per square kilometer (.62 miles) in Pike Road is 119.
So, about how much do homes cost in Pike Road? The most recent median value of resident-owned homes in Pike Road is 300,101. An estimated 84.5 percent of households in Pike Road own their homes, with an average family size of 3.18. The median household income in Pike Road is 102,734, with52.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pike Road, the median commute time of resident workers (in minutes) is 24.2. And last, but certainly not least, are you looking for homes to rent in Pike Road? If so, the average rent price paid by renters in Pike Road is 1,239, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Pike Road, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Pike Road is 36.8, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Pike Road is 65.6, with an average family size of 3.18.
The percentage of residents who report their race in Pike Road is as follows:
|Black / African American||32.3%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Pike Road? Or maybe you are searching for 55+ active adult communities in and/or near Pike Road?
The percentage of residents who report their age in Pike Road is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Pike Road with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pike Road.
How do you know that living in -- or moving to -- Pike Road is right where you need to be? Perhaps you grew up in Pike Road or already live nearby; therefore, the decision to buy a home in Pike Road is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pike Road for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Pike Road:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pike Road.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pike Road can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pike Road, meanwhile, can field multiple offers from more qualified buyers.