Pike Road, AL housing market
Typical home value
$404K
▲ 1.9% 1 yr
Typical rent
$1,726/mo
▲ 3.6% 1 yr
Gross rent yield
5.1%
U.S. 6.3%
5-year home value change
+17%
U.S. +20%
Key takeaways
- 1The typical home in Pike Road is worth $404,483, up 1.9% over the past year and up 17% over five years.
- 2Typical rent is $1,726 a month (+3.6% YoY), a gross rent yield of 5.1% (below the Montgomery, AL metro's 7.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,223/mo, $497 more than typical rent.
- 4Zillow forecasts the Montgomery, AL metro's home values to change +2.0% over the next 12 months.
Market temperature (Montgomery, AL metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 53/100, #99 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Pike Road compares
| Measure | Pike Road | Montgomery, AL metro | United States |
|---|---|---|---|
| Typical home value | $404,483 | $212,437 | $366,157 |
| Home value, 1-yr change | +1.9% | +3.6% | +1.2% |
| Typical rent | $1,726 | $1,383 | $1,932 |
| Rent, 1-yr change | +3.6% | +3.1% | +2.7% |
| Gross rent yield | 5.1% | 7.8% | 6.3% |
| Price-to-rent ratio | 19.5 | 12.8 | 15.8 |
| Mortgage P&I, typical home | $2,223 | $1,167 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Pike Road rental, pre-filled.
Rent vs buy in Pike Road
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $404K home.
Other cities in the Montgomery, AL metro
Montgomery, AL
$150K home$1,305 rent
▲ 1.7% 1 yr
Prattville, AL
$266K home$1,700 rent
▲ 3.2% 1 yr
Millbrook, AL
$223K home$1,408 rent
▲ 4.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.