Prattville appreciation rates and housing market information

Prattville housing market information

With 24,296 people, 9,623 houses or apartments, and a median cost of homes of $143,000, Prattville real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Prattville, accounting for 79.08% of the city's housing units. Other types of housing that are prevalent in Prattville include mobile homes or trailers (11.37%), large apartment complexes or high rise apartments (4.90%), duplexes, homes converted to apartments, or other small apartment buildings (3.33%), and a few row houses and other attached homes (1.20%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Prattville. Owner-occupied housing accounts for 70.55% of Prattville's homes, and 78.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Prattville 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 Prattville built from 1940-1969 (28.38%). A lesser amount of the housing stock also hails from 1995 and later (15.77%), and some were built from 1939 and earlier (15.77%).

Prattville home appreciation rates

Prattville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Prattville during the period has been just 6.20%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Prattville home appreciation rates, at 2.99%, have been at or slightly above the national average. In the latest quarter, Prattville's appreciation rate has been 0.01%, which annualizes to a rate of 0.04%.

Relative to Alabama, our data show that Prattville's latest annual appreciation rate is higher than 25% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Prattville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Prattville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Prattville real estate investment or home purchase decisions.