Pleasant Grove, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pleasant Grove, AL Real Estate Data


Pleasant Grove Housing Market Information

With 10,260 people, 3,630 houses or apartments, and a median cost of homes of $154,484, 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 95.09% of the city's housing units. Other types of housing that are prevalent in Pleasant Grove include large apartment complexes or high rise apartments ( 2.63%), duplexes, homes converted to apartments or other small apartment buildings ( 1.07%).

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 87.01% of Pleasant Grove's homes, and 78.92% 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 ( 23.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.69%). There's also some housing in Pleasant Grove built before 1939 ( 2.58%).

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 -1.00%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pleasant Grove's appreciation rate, at 4.00%, has been at or slightly above the national average. In the latest quarter, Pleasant Grove's appreciation rate has been 0.02%, which annualizes to a rate of 0.09%.

Relative to Alabama, our data show that Pleasant Grove's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$154,484

Pleasant Grove, AL HOME PRICES

Value Range
> $1,049,000 0.4
$787,001 - $1,049,000 0.0
$525,001 - $787,000 0.3
$420,001 - $525,000 0.1
$315,001 - $420,000 2.0
$210,001 - $315,000 14.6
$105,001 - $210,000 59.5
$52,001 - $105,000 18.6
$0 - $52,000 4.3

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
47.7967889370679 14.75

Number Of Homes And Apartments:
3,630

Rent & Ownership

 

Average Market Rent:
$1,602 / per month

Homeownership Rate

Homeownership
Owners 87.01
Renters 12.99
Vacant 7.26

Housing Market Details

 

Age of Homes

AGE OF Pleasant Grove HOMES
2000 or Newer 13.7
1970 - 1999 60.1
1940 - 1969 23.6
1939 or Older 2.6

Types of Homes

TYPE OF Pleasant Grove HOMES
Single-Family 95.1
Townhomes 0.9
Small Apt. Buildings 1.1
Apt. Complexes 2.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Pleasant Grove HOMES
No Bedroom 0.00
1 Bedroom 1.20
2 Bedrooms 13.77
3 Bedrooms 57.26
4 Bedrooms 21.67
5 or more bedrooms 6.11

Pleasant Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
10.14% 0.56% 1 1
* 10 is highest

Popular Neighborhoods in Pleasant Grove

Zip Codes in Pleasant Grove, AL