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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 9,604 people, 3,610 houses or apartments, and a median cost of homes of $196,274, 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 96.16% of the city's housing units. Other types of housing that are prevalent in Pleasant Grove include large apartment complexes or high rise apartments ( 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 84.75% of Pleasant Grove's homes, and 82.95% 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 ( 25.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.57%).

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 2.70% 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 4.29%, 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 1.44%, which equates to an annual appreciation rate of 5.88%.

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:
$196,274

Pleasant Grove, AL HOME PRICES

> $1,192,000
1.6%
1.6%
$894,001 - $1,192,000
0.0%
0.0%
$596,001 - $894,000
0.0%
0.0%
$477,001 - $596,000
0.6%
0.6%
$357,001 - $477,000
3.5%
3.5%
$239,001 - $357,000
20.5%
20.5%
$119,001 - $239,000
56.6%
56.6%
$60,001 - $119,000
15.2%
15.2%
$0 - $60,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
3,610

Pleasant Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
37.23% 1.50%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,770 / per month

Homeownership Rate

Owners
84.8%
84.8%
Renters
15.2%
15.2%
Vacant
8.7%
8.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.6%
14.6%
1970 - 1999
59.0%
59.0%
1940 - 1969
25.8%
25.8%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.2%
96.2%
Townhomes
0.8%
0.8%
Small Apt. Buildings
1.0%
1.0%
Apt. Complexes
1.3%
1.3%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
0.9%
0.9%
2 Bedrooms
11.0%
11.0%
3 Bedrooms
63.3%
63.3%
4 Bedrooms
19.7%
19.7%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Pleasant Grove

Zip Codes in Pleasant Grove, AL