Mortgage Rates in Pikeville, Kentucky — March 2026
Updated March 2026 | Based on Pikeville market data and regional lending conditions
Pikeville is a growing city in Kentucky with a population of 6,903. The current 30-year fixed mortgage rate in Pikeville is 6.75%, which is 0.1% above the national average. With a median home price of $148,000 and a 20% down payment of $29,600, homebuyers can expect a monthly principal and interest payment of approximately $768.
Current Mortgage Rates in Pikeville, KY
Below are the current average mortgage rates available in the Pikeville area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Pikeville Housing Market Overview
The Pikeville housing market offers relatively affordable housing compared to many major cities. The median household income in Pikeville is $45,000, and the cost of living index is 83.1 (national average = 100). Based on the 28% affordability rule, the median income in Pikeville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Pikeville
Based on the median home price of $148,000 with 20% down ($29,600), here is what you can expect to pay monthly in Pikeville:
15-Year vs. 30-Year Mortgage in Pikeville
Choosing a 15-year mortgage in Pikeville at 5.99% instead of a 30-year at 6.75% would save you $96,840 in total interest over the life of the loan. However, your monthly payment would be $998 instead of $768 — an increase of $230 per month.
Calculate Your Pikeville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pikeville
What are the current mortgage rates in Pikeville, KY?
As of March 2026, the average 30-year fixed mortgage rate in Pikeville, Kentucky is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Pikeville?
Based on the median home price of $148,000 with 20% down, the estimated monthly mortgage payment in Pikeville is $768 for principal and interest. Including property taxes of $104/month, the total monthly housing cost is approximately $872.
What income do I need to buy a home in Pikeville?
Using the 28% rule, you would need an annual income of approximately $37,371 to afford the median-priced home in Pikeville at $148,000. The median household income in Pikeville is $45,000. The median income is currently sufficient to meet this threshold.
Is Pikeville a good place to buy a home in 2026?
Pikeville offers a below-average cost of living with a cost of living index of 83.1 (national average = 100). The property tax rate in Kentucky is 0.84%, which is near the national average. Pikeville has a population of 6,903 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pikeville, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.