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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Prattville, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Prattville, AL Housing Market Trends

With 38,776 people, 14,542 houses or apartments, and a median cost of homes of $227,859, house prices in Prattville are solidly below the national average.

Single-family detached homes are the single most common housing type in Prattville, accounting for 78.33% of the city's housing units. Other types of housing that are prevalent in Prattville include large apartment complexes or high rise apartments ( 12.20%), mobile homes or trailers ( 4.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.34%).

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 65.74% of Prattville's homes, and 73.89% 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 ( 38.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.48%). There's also some housing in Prattville built before 1939 ( 1.00%).

Prattville Home Appreciation Rates

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 4.29%, which is lower than 80% of US communities.

Appreciation rates are so strong in Prattville that despite a nationwide downturn in the housing market, Prattville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prattville appreciation rates continue to be some of the highest in America, at 7.53%, which is higher than appreciation rates in 78.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prattville. Prattville appreciation rates in the latest quarter were at 3.19%, which equates to an annual appreciation rate of 13.37%.

Importantly, NeighborhoodScout’s exclusive research found that Prattville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Alabama, our data show that Prattville's latest annual appreciation rate is higher than 70% 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

$227,859

Prattville, AL Home Prices
> $1,305,000
$978,001 - $1,305,000
$652,001 - $978,000
$522,001 - $652,000
$392,001 - $522,000
$261,001 - $392,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
0.2%
0.2%
0.4%
0.4%
1.6%
1.6%
6.1%
6.1%
10.5%
10.5%
26.0%
26.0%
39.1%
39.1%
7.9%
7.9%
8.1%
8.1%
0% 100.0%
% of Homes
High

for Alabama

Average

for nation

Number of Homes And Apartments:

14,542

Prattville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,844 / per month

Homeownership Rate

Owners
Renters
65.7%
65.7%
34.3%
34.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.4%
6.4%
93.6%
93.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
38.3%
38.3%
44.2%
44.2%
16.5%
16.5%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
1.3%
1.3%
3.3%
3.3%
12.2%
12.2%
4.9%
4.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
5.2%
5.2%
15.1%
15.1%
48.4%
48.4%
25.5%
25.5%
5.3%
5.3%
0% 100.0%
% of Homes