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Pike County, KY

Pikeville

RANK #958 / 996 NAT  ·  #19 / 19 KY  ·  POP 58,196

1YR FORECAST: -1.2%

5YR OUTLOOK: +8%

Our model projects Pike County's housing market at -1.2% over the next year, underperforming most U.S. counties.

[01] Why Pike County?

Pike County, Kentucky, is perhaps best known for its connection to the legendary Hatfield-McCoy feud, with numerous historic sites related to the families scattered throughout the area. Located in Eastern Kentucky, Pike County is the state's largest by land area. Its county seat, Pikeville, is roughly 140 miles from Lexington, KY, and serves as a regional hub for commerce and entertainment. The community offers a blend of rural tranquility and access to outdoor recreation, including Breaks Interstate Park, often called the "Grand Canyon of the South," and various trails for hiking, biking, and ATV riding.

Life in Pike County offers a mix of small-town hospitality and access to educational and healthcare resources. The public schools in Pike County are above average, with the Pikeville Independent School District consistently ranking among the best in the state. The local economy, historically tied to natural resources, is diversifying with investments in industrial parks and infrastructure. The presence of the University of Pikeville and a regional medical center also contributes to local employment and draws people to the area.

[02] Market Snapshot

Housing Ratio
2.8x

Undervalued relative to economy

GDP Growth
-0.3%

Contracting economy

Home Prices
-13.7%

Prices declining

Climate & Terrain
-0.2

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Pikeville Medical Center Healthcare
    2,500+
  2. 2
    Pike County Public Schools Education
    1,000+
  3. 3
    McLeRoy, Inc. Other
    100+
  4. 4
    Supreme Wabash Manufacturing
  5. 5
    TENCATE Manufacturing
  6. 6
    United Bank Finance
    97
  7. 7
    Walmart Retail
  8. 8
    Community Trust Bank Finance
  9. 9
    University of Pikeville Education
  10. 10
    Altice USA Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Pike County U.S. National

The Numbers

DEMOGRAPHICS
Population
58,196
-1.22% YoY
Median Household Income
$41,271
Median Home Value
$96,900
-13.65% 12mo
Median Rent
$826
Average Annual Pay
$51,529
+0.9% YoY
Employment
20,549
+1.3% YoY
Income-to-Home-Value
0.4259
More affordable than average
Migration Inflow
1.94%
of pop. from another state
Bachelor's Degree+
15.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$163,000
Days on Market
77
Slower market
Months of Supply
7.8
Buyer's market
Sale-to-List Ratio
89.9%
Negotiation room for buyers
Listings w/ Price Drops
25.5%
Building Permits (2024)
5
Single-Family Permits
5

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.7
per 100K · nat avg 6.3
Firearm Fatalities
20.9
per 100K · nat avg 14.8
Injury Deaths
146.3
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.7
Good
Good Air Days
78%
855 of 1,094 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
41
2022
39
2023
39
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$35,400M
TOTAL
PROJECT AMOUNT STATUS
SoftBank AI Data Center & Natural Gas Power Plant
SoftBank
$33,000M Under Construction
Oklo/Meta Nuclear Power Campus (1.2 GW)
Oklo Inc. / Meta Platforms, Inc.
$1,500M Planned
US 460 Reconstruction Project
Kentucky Transportation Cabinet
$800M Completed
Pike County Solar Project (100 MW)
Savion Energy
$100M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth -0.3% 7 percentile
Population Growth -1.2% 2 percentile
Income Growth +11.8% 95 percentile
Vacancy Rate 1.2% 42 percentile
Price/Rent 10x 92 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Pike County, KY a good place to move to?

The data is not encouraging — Pike County scores just 3/100 on the Boom Town Index, ranking #958 of 996 counties. Job growth at +1.3% and median household income of $41,271 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Pike County affordable?

By national standards, Pike County is quite affordable. Homes here have a median value of $96,900, and the income-to-home-value ratio of 0.43 is well above the U.S. average — especially with median rent at just $826/month. Residents can generally buy a home without being cost-burdened.

Is Pike County growing or shrinking?

It's a mixed picture in Pike County. The population is declining (-1.2% YoY), but employers are actually hiring — job growth is at +1.3%. Home values moved -13.7% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Pike County?

Not particularly — 1.94% of Pike County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

Is the housing market declining in Pike County?

Home values fell -13.7% over the past year in Pike County, bringing the median down to $96,900. A drop of that magnitude usually reflects weakening demand or population outflow — worth watching if you're considering buying here.

[10] Similar Counties by Size & Score

Laurel County, KY 9 Oldham County, KY 12 Pulaski County, KY 15 Hardin County, KY 20 Franklin County, KY 21 Madison County, KY 22 Lake County, CA 3 Wise County, TX 3