The story of this market
The typical home in Pike Road, Alabama sells for about $472,629, or $188 per square foot.
Prices are up +8.3% from a year ago, so sellers still have some momentum. Homes take about 119 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,653 a month.
Monthly price momentum
Home values since 2015
+1.9%
AL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Pike Road, Alabama
Pike Road's housing market is characterized by steady growth and high demand, supported by a strong local economy and high median household incomes. While the market is currently balanced, the consistent year-over-year price appreciation reflects the town's ongoing appeal as a premier residential destination in the Montgomery area. The lack of significant price cuts suggests that sellers remain confident in the value of their properties.
No ARED county foreclosure postings attributed to Pike Road yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.1% year over year.
Homes spend a median of 64 days on market with 26.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.5% · poverty 5.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A community-focused trail system that promotes outdoor recreation and connectivity between residential neighborhoods and local green spaces.
A central commercial hub providing essential retail, dining, and services, serving as a primary gathering place for residents.
Pike Road is ideal for family buyers and professionals seeking a high-quality, suburban lifestyle with excellent schools and a strong sense of community, while offering a quieter alternative to the Montgomery urban core.
Pike Road is served by the Pike Road School District, which is highly regarded for its innovative, project-based learning approach and consistently high performance metrics within the state.
The town is primarily car-dependent, with access to major regional corridors facilitating commutes into Montgomery.
The town features a growing network of trails, including the Pike Road Natural Trail, and community-focused amenities like the Waters Shopping District that serve as local social hubs.
The rental market is characterized by solid demand, with a median rent of $1,653 and a significant portion of the population being owner-occupants, limiting the depth of the traditional multi-family rental sector.
The economy is primarily driven by its status as a residential suburb, with a high concentration of professional residents commuting to major employers in the Montgomery metropolitan area.
Pike Road is experiencing rapid residential expansion and infrastructure development, driven by its appeal as a high-income, family-oriented suburb of Montgomery.
Development is focused on managed residential growth and the expansion of local commercial amenities to support the increasing population.
Parcels are subject to Montgomery County property tax assessments and the Pike Road School District's educational funding requirements.
The area is located in a region prone to severe thunderstorms and occasional tornadoes, typical of central Alabama, with standard insurance requirements for wind and hail coverage.
Property insurance premiums are influenced by regional weather risks, including wind and hail, necessitating comprehensive coverage for homeowners.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau ACS 5-Year Estimates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
All real property is appraised at fair and reasonable market value using mass appraisal methods as mandated by Act 160 of the Alabama Legislature.
Established by Act 160 of the Alabama Legislature.
Property taxes are calculated based on the assessed value (a percentage of fair market value) multiplied by the applicable millage rates for the county, city, and school districts. Specific rates vary by municipal code.
Ongoing assessment regime managed by the Revenue Commissioner's Office.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.