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Market MapAlabamaPike

Pike County

AlabamaPopulation: 32,997
56
/100
Hold
#440 of 1,000 counties
#38 in Alabama (67 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$164,687
Median Home Price
30% below national median
$1,185/mo
Median Rent
21% below national median
8.64%
Rent-to-Price Ratio
Top 5% nationally
-$93
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,185/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$123,515+$123/mo7.5%+5.2%
Median
typical MLS deal
$164,687-$93/mo5.6%-3.0%
125% of median
newer / premium
$205,859-$309/mo4.5%-7.8%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$164,687
Down Payment (20%)$32,937
Loan Amount$131,750
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,185
Monthly P&I-$863
Est. Expenses (35%)-$415
Net Cash Flow-$93/mo
5.6%
Cap Rate (all cash)
-3.0%
Cash-on-Cash Return
8.64%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.6% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
56/100
56
Cash Flow(30%)
86/100

Based on 8.64% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
14/100

Based on -5.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
72/100

Price-to-income ratio of 3.9x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (8.64%)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Declining home values (-5.6% YoY)
  • -Negative leverage (cap rate 5.6% < mortgage rate 6.9%)

Economic Indicators

Population
32,997
Median Income
$42,616
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.9x
Moderately affordable

Who this market fits

Best for
  • +Value-add operators who can buy below median and force rent up
Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
LauderdaleAL
58$212,925$1,1606.53%HoldView
EscambiaAL
58$140,014Est. pending—HoldView
ChambersAL
57$134,618Est. pending—HoldView
CurrentPikeAL
56$164,687$1,1858.64%Hold
MadisonAL
55$305,199$1,3795.42%HoldView
MarionAL
55$159,893Est. pending—HoldView

The Bottom Line

HoldPike is a neutral market.

Pike County in Alabama scores 56/100, ranking #440 of 1,000 US counties (top 58%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow (8.64% gross rent-to-price ratio). The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
$-93/mo
Cap Rate
5.6%
Cash-on-Cash
-3.0%

Related markets

Markets like Pike with stronger cash flow

  • Lauderdale County for cash-flow rentals
  • Madison County for cash-flow rentals

Cheaper alternatives to Pike

  • Chambers County, lower entry price
  • Escambia County, lower entry price
  • Marion County, lower entry price

Head-to-head comparisons

  • Pike vs Madison for rentals
  • Pike vs Chambers for rentals
  • Pike vs Marion for rentals
All counties in Alabama →

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