Pleasant Grove appreciation rates and housing market information

Pleasant Grove housing market information

With 10,353 people, 4,208 houses or apartments, and a median cost of homes of $177,300, Pleasant Grove real estate is some of the most expensive in Alabama, although Pleasant Grove home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Pleasant Grove, accounting for 94.27% of the town's housing units. Other types of housing that are prevalent in Pleasant Grove include large apartment complexes or high rise apartments (3.04%), mobile homes or trailers (1.24%), duplexes, homes converted to apartments, or other small apartment buildings (0.86%), and a few row houses and other attached homes (0.52%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pleasant Grove. Owner-occupied housing accounts for 86.95% of Pleasant Grove's homes, and 79.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pleasant Grove built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pleasant Grove built from 1940-1969 (32.56%). A lesser amount of the housing stock also hails from 1995 and later (12.43%), and some were built from 1939 and earlier (12.43%).

Pleasant Grove home appreciation rates

Pleasant Grove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pleasant Grove during the period has been just 4.82%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pleasant Grove home appreciation rates, at 1.45%, have been at or slightly above the national average. In the latest quarter, Pleasant Grove's appreciation rate has been -0.53%, which annualizes to a rate of -2.12%.

Relative to Alabama, our data show that Pleasant Grove's latest annual appreciation rate is higher than 8% of the other cities and towns in Alabama.