Pleasant Grove, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pleasant Grove Neighborhoods Since 2000




Pleasant Grove, AL Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pleasant Grove Housing Market Information

With a population of 10,260, 3,630 total housing units (homes and apartments), and a median house value of $159,124, 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 -0.76%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pleasant Grove's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Pleasant Grove's appreciation rate has been 2.24%, which annualizes to a rate of 9.29%.

Relative to Alabama, our data show that Pleasant Grove's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$159,124

Pleasant Grove, AL HOME PRICES

Value Range
> $1,081,000 0.4
$810,001 - $1,081,000 0.0
$540,001 - $810,000 0.3
$432,001 - $540,000 0.1
$324,001 - $432,000 2.0
$216,001 - $324,000 14.6
$108,001 - $216,000 59.5
$54,001 - $108,000 18.6
$0 - $54,000 4.3

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
47.6023186369225 14.25

Number Of Homes And Apartments:
3,630

Pleasant Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
13.37% 0.72% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,708 / 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

Popular Neighborhoods in Pleasant Grove

Zip Codes in Pleasant Grove, AL