8 / 100

Pike County, KY

RANK #920 / 996  ·  POP 58,196  ·  KY

PROJECTED GROWTH: -2.0%

Pike County is losing people and economic momentum. This metro faces significant structural headwinds.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Pike County has a Boom Town Index score of 8/100, ranking #920 among 996 U.S. counties. With job growth at +1.3% and a median household income of $41,271, it faces some economic headwinds compared to faster-growing counties.

Is Pike County affordable?

The median home value in Pike County is $96,900 with median rent at $826/month. The income-to-home-value ratio is 0.4259, which is more affordable than the national average.

Is Pike County growing or shrinking?

Population growth: -1.2% year-over-year. Job growth: +1.3%. Home values changed -13.7% in the past 12 months.

[08] Similar Metros

Escambia County, FL 18 Monterey County, CA 18 Arlington County, VA 18 Clallam County, WA 18 Mohave County, AZ 18 Cherokee County, GA 18 Baltimore city, MD 18 Henderson County, NC 18