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There are 116 USDA backed residential loans in Pike county with an average loan balance of $100,595. Over 81% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $106,209. On average the rural home size purchased with this loan was approximately 1,489 SqFt. Pike county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Pike County is roughly 2,041 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Pike County is 8. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Pike County, KY
* cities most likely to have USDA loan eligible properties for sale.
Aflex • Argo • Ashcamp • Beaver Bottom • Belcher • *Belfry • Big Branch • Biggs • Board Tree • Boldman • Broad Bottom • Burnwell • Buskirk • Canada • Cedarville • *Coal Run Village • Coleman • Collins • Dorton • Douglas • Draffin • Dry Fork • Dunlap • Dunleary • Edgewater • Elimer • *Elkhorn City • Ellwood • Esco • Etty • Federal • Fedscreek • Fords Branch • *Freeburn • Garden Village • Goody • Greasy Creek • Gulnare • Hardy • Hartley • Hatfield • Heenon • Hellier • Henry Clay • Honey Fork • Huddy • Hylton • Jamboree • Jonancy • Justiceville • Kewanee • Kimper • Leckieville • Lick Creek • Lick Creek Station • Lionilli • Little Dixie • Lookout • Majestic • Mayo Village • McAndrews • *McCarr • McCombs • McVeigh • Meta • Mikegrady • Millard • Mossy Bottom • Mouthcard • Myra • Nelse • New Camp • Nigh • Owsley • Paw Paw • Penny • *Phelps • Phyllis • Pigeon • *Pikeville • Pinsonfork • Piso • Raccoon • Ransom • Ratliff • Republic • Robinson Creek • Rockhouse • Rural • Sharondale • Shelbiana • Sidney • Simers • *South Williamson • Speight • Stanley Addition • Stone • Stopover • Sutton • Titan Siding • Toler • Toonerville • Turkey Creek • Varney • Venters • *Virgie • Wales • Wolfpit • Woodman • Yeager • Yorktown • Zebulon
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Pike County.
Pike County, located in the great state of Kentucky, was founded on December 19, 1821, and named after General Zebulon Pike, the explorer who discovered Pikes Peak. Situated in the Appalachian region of the United States, Pike County is part of the Eastern Kentucky Coalfield, which has a rich history of coal mining.
In the early days, Pike County's economy relied heavily on timber, salt, and coal mining. As the 19th century progressed, the county's coal industry rapidly expanded due to industrialization, and by the 20th century, coal became the primary economic driver for the area. This led to an increased population, with many immigrants coming to work in the mines.
One notable event in Pike County's history is the infamous Hatfield-McCoy feud, which was a violent conflict between two families - the Hatfields and the McCoys - that escalated between 1863 and 1891. The feud gained national attention and became a symbol of the deep divisions that characterized the era, culminating in a battle in 1888, where the Hatfields tried to eradicate the McCoy family. Although numerous people were killed during the conflict, the families eventually reconciled, and their descendants now participate in joint family reunions.
A fun fact about Pike County is that it is home to the "Cut-Through Project" in the city of Pikeville, one of the largest earthmoving projects in the Western Hemisphere, which rerouted the Levisa Fork of the Big Sandy River to reduce flooding and create additional land for development. The project involved the removal of 18 million cubic yards of soil and rock, making it an engineering marvel and a popular tourist attraction in the region.