Prattville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Prattville Neighborhoods Since 2000




Prattville, 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 Q1 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

Prattville Housing Market Information

With 35,420 people, 12,706 houses or apartments, and a median cost of homes of $146,505, 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 77.33% of the city's housing units. Other types of housing that are prevalent in Prattville include large apartment complexes or high rise apartments ( 12.79%), mobile homes or trailers ( 5.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prattville. Owner-occupied housing accounts for 65.31% of Prattville's homes, and 77.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Prattville 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 Prattville built between 2000 and later ( 32.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.21%). There's also some housing in Prattville built before 1939 ( 1.88%).

Prattville Home Appreciation Rates

Real estate appreciation rates in Prattville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.

Over the last year, Prattville appreciation rates have trailed the rest of the nation. In the last twelve months, Prattville's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prattville were at 1.47%, which equates to an annual appreciation rate of 6.03%.

Relative to Alabama, our data show that Prattville's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Prattville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$146,505

Prattville, AL HOME PRICES

Value Range
> $1,024,000 0.3
$768,001 - $1,024,000 0.3
$512,001 - $768,000 0.6
$410,001 - $512,000 1.5
$307,001 - $410,000 6.7
$204,001 - $307,000 19.7
$102,001 - $204,000 44.1
$51,001 - $102,000 17.5
$0 - $51,000 9.3

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
51.5352162193836 17.25

Number Of Homes And Apartments:
12,706

Prattville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.21% 1.26% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,248 / per month

Homeownership Rate

Homeownership
Owners 65.31
Renters 34.69
Vacant 8.96

Housing Market Details

 

Age of Homes

AGE OF Prattville HOMES
2000 or Newer 33.0
1970 - 1999 46.9
1940 - 1969 18.2
1939 or Older 1.9

Types of Homes

TYPE OF Prattville HOMES
Single-Family 77.3
Townhomes 1.2
Small Apt. Buildings 3.3
Apt. Complexes 12.8
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Prattville HOMES
No Bedroom 0.23
1 Bedroom 5.67
2 Bedrooms 13.43
3 Bedrooms 52.75
4 Bedrooms 24.73
5 or more bedrooms 3.20