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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pleasant Grove, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pleasant Grove, AL Housing Market Trends

With 9,446 people, 3,553 houses or apartments, and a median cost of homes of $227,487, house prices in Pleasant Grove are solidly below the national average.

Single-family detached homes are the single most common housing type in Pleasant Grove, accounting for 91.26% of the city's housing units. Other types of housing that are prevalent in Pleasant Grove include row houses and other attached homes ( 3.30%), large apartment complexes or high rise apartments ( 3.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pleasant Grove. Owner-occupied housing accounts for 75.39% of Pleasant Grove's homes, and 82.64% 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 to 1999 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 between 1940-1969 ( 20.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.57%).

Pleasant Grove Home Appreciation Rates

Real estate appreciation rates in Pleasant Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.56% during the period.

Over the last year, Pleasant Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Pleasant Grove's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pleasant Grove were at -0.87%, which equates to an annual appreciation rate of -3.42%.

Notably, Pleasant Grove's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Pleasant Grove's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$227,487

Pleasant Grove, AL Home Prices
> $1,268,000
$951,001 - $1,268,000
$634,001 - $951,000
$508,001 - $634,000
$381,001 - $508,000
$254,001 - $381,000
$127,001 - $254,000
$63,001 - $127,000
$0 - $63,000
0.9%
0.9%
0.0%
0.0%
0.4%
0.4%
3.6%
3.6%
5.8%
5.8%
27.6%
27.6%
51.8%
51.8%
5.4%
5.4%
4.4%
4.4%
0% 100.0%
% of Homes
High

for Alabama

Average

for nation

Number of Homes And Apartments:

3,553

Pleasant Grove Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,083 / per month

Homeownership Rate

Owners
Renters
75.4%
75.4%
24.6%
24.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.4%
8.4%
91.6%
91.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.6%
18.6%
60.1%
60.1%
20.4%
20.4%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
91.3%
91.3%
3.3%
3.3%
1.3%
1.3%
3.1%
3.1%
0.6%
0.6%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
0.6%
0.6%
12.5%
12.5%
58.2%
58.2%
24.5%
24.5%
3.8%
3.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Pleasant Grove

Zip Codes in Pleasant Grove, AL