Pike County Economic Development Corporation has released a new housing strategy aimed at addressing projected population declines and supporting future economic growth. The strategy follows the completion of an updated housing study conducted by Anderson Partners and sponsored by CenterPoint Energy.
The study provided data on existing housing and regional demand projections. According to state figures, Pike County’s population has remained relatively stable since the 1960s, hovering around 12,700. However, in 2025, the population is estimated at 12,250, and projections indicate it could fall below 12,000 by 2030 for the first time since before 1900.
Local leaders view this trend as a call to action. Over the past eight years, Pike County officials have focused on increasing affordable housing to retain and attract residents, recognizing that a stable workforce is essential for economic development and business investment.
The county has recently seen progress with housing initiatives, including the groundbreaking of its first single-family subdivision in over 35 years. Additionally, redevelopment areas are expected to add around 60 new rental units. Officials noted that Pike County’s location between major employers like Toyota Motor Manufacturing Indiana in Princeton and Naval Support Activity Crane positions it strategically for growth while maintaining a family-friendly atmosphere.
The new housing strategy outlines an “all-of-the-above” approach to expand both ownership and rental options. By 2028, demand projections within a 30-mile radius of the I-69 interchange call for approximately 285 new single-family homes and 190 new multi-family units in Pike County. To achieve this, plans include supporting in-fill housing projects, subdivision developments, redevelopment of existing properties, and identifying sites for potential multi-family housing. Partnerships with local financial institutions are also part of the strategy to assist first-time homebuyers.
Pike County Economic Development Corporation emphasizes its commitment to fostering business growth while preserving the community’s small-town charm and hospitality. Officials say these housing efforts are key to building a strong future workforce and keeping Pike County a desirable place to live and work.
For more information, residents and developers can contact the Pike County Economic Development Corporation at ashley@pikecountygrowth.com.
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