Commercial Real Estate Market in Pikeville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 314 off-market properties in Pikeville, NC.
Market Trends
Pikeville, NC spans 66.1 square miles in Wayne County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pikeville, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Pikeville, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pikeville, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Pikeville, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.1%
- Civic 11.3%
- Commercial 4%
- Industrial 0.7%
Largest Zones share of zoned land by district
Residential Agricultural 20
Residential 6
Residential 8
Community Shopping
Business
Pikeville, NC zones 2,613 acres across 7 districts. Commercial zoning covers 4% of zoned land, residential 84.1% and industrial 0.7%. The largest single district is Residential Agricultural 20 at 83.8%. For commercial buyers the practical constraint is that only 4.7% of land carries a commercial or industrial designation.
Community Shopping (CS)
The puspose of this zoning district is to promote Agriculture, including the sale, storage and processing of products, new auto parts and supplies, bakeries, Banks and financial institutions, including loan and finance companies etc.
Market overview
Demographics & Economy
Pikeville, NC has 12,520 residents in 5,385 households. Density runs 189 people per square mile. Median household income here is $78,063 and median gross rent $887 a month.
12,520
Population
5,385
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
89%
High-School Grad
66.1 sq mi
ZIP Area
189
Density / Sq Mi
$78,063
Median Household Income
$42,913
Median Earnings
$887
Median Rent
$177,600
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Pikeville?
Pikeville, NC zones 2,613 acres across 7 districts, of which 4% is commercial and 0.7% industrial. The largest single district is Residential Agricultural 20 at 83.8% of zoned land. Residential zoning covers 84.1% and open space 0%.
Where does Realmo's Pikeville market data come from?
Realmo compiles Pikeville, NC figures from 5 recent recorded sales, 18 active sale listings, 314 tracked off-market properties, the current Pikeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 0 active for-lease listings in Pikeville, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,613 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
