Pikeville, KY
Population 7,560 · Kentucky
About Pikeville, KY
Pikeville is a small town located in Kentucky with a population of 7,560 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,216 per year, which is 48% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Pikeville features a median home value of $301,300, which is 23% above the national median of $244,900. This positions Pikeville in a moderately priced market relative to the rest of the country. Median monthly rent is $840, 28% below the national average of $1,163/month. Of the 3,497 total housing units, 41% are owner-occupied (1,307 units) and 59% are renter-occupied (1,886 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Pikeville shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 28.3%, above the national average of 12.4%. Workers in Pikeville have an average one-way commute time of 13.1 minutes, one of the shorter commutes in the region.
Education & Demographics
41.2% of Pikeville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.1% White, 1.0% Hispanic or Latino, 0.9% Black or African American, and 0.0% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Pikeville, KY
Compared to national averages, Pikeville has a median household income of $39,216 (48% below the national median of $75,149). Home values average $301,300, which is 23% above the national median. Monthly rent at $840 is 28% below the US average of $1,163. Within Kentucky, Pikeville's income is 41% below the state average of $66,273, and home values are 65% above the state median of $182,504.
Why Live in Pikeville, KY?
Pikeville offers rent that’s lower than the national average at $840/month, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 41.2% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 13.1 minutes.
Potential considerations include median household income ($39,216) that falls below the national average. However, Pikeville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Pikeville has a population of 7,560 with a median age of 36.7 years. Compare Pikeville with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Pikeville
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mount Sterling | 7,549 | $50,843 | $178,200 | Compare |
| London | 7,576 | $45,850 | $155,500 | Compare |
| Union | 7,494 | $139,013 | $382,900 | Compare |
| Villa Hills | 7,378 | $108,750 | $339,800 | Compare |
| Flatwoods | 7,281 | $60,467 | $112,200 | Compare |
| Russellville | 7,244 | $47,875 | $156,000 | Compare |
| Oak Grove | 7,945 | $47,886 | $143,500 | Compare |
| Morehead | 6,924 | $35,000 | $176,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Pikeville With Other Cities
Frequently Asked Questions about Pikeville
What is the population of Pikeville, KY?
The population of Pikeville, KY is 7,560 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Pikeville?
The median household income in Pikeville, KY is $39,216 per year, which is 48% below the national median of $75,149.
What is the median home value in Pikeville?
The median home value in Pikeville, KY is $301,300, which is 23% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Pikeville?
The median monthly rent in Pikeville, KY is $840, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Pikeville?
The unemployment rate in Pikeville, KY is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Pikeville, KY a good place to live?
Pikeville offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 7,560 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Pikeville, KY?
41.2% of residents in Pikeville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Pikeville?
Key cost-of-living indicators for Pikeville, KY: median home value is $301,300 (23% above national), median rent is $840/month, and median household income is $39,216. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Pikeville?
The poverty rate in Pikeville, KY is 28.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Pikeville, KY?
Pikeville's population is 0.1% White, 1.0% Hispanic or Latino, 0.9% Black or African American, 0.0% Asian, and 2.4% two or more races. 3.3% of residents are foreign-born.