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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 35,420 people, 12,706 houses or apartments, and a median cost of homes of $144,126, 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Prattville during the period has been just -1.00%, which is lower than 70% of US communities.
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 -0.73%, 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 -2.50%, which equates to an annual appreciation rate of -9.61%.
Notably, Prattville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Prattville's latest annual appreciation rate is lower than 90% 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.
|$755,001 - $1,007,000||0.3|
|$504,001 - $755,000||0.6|
|$403,001 - $504,000||1.5|
|$302,001 - $403,000||6.7|
|$201,001 - $302,000||19.7|
|$101,001 - $201,000||44.1|
|$50,001 - $101,000||17.5|
|$0 - $50,000||9.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Prattville HOMES|
|2000 or Newer||33.0|
|1970 - 1999||46.9|
|1940 - 1969||18.2|
|1939 or Older||1.9|
|TYPE OF Prattville HOMES|
|Small Apt. Buildings||3.3|
|SIZE OF Prattville HOMES|
|5 or more bedrooms||3.20|