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 about Scout's Real Estate Data
With a population of 9,390, 3,553 total housing units (homes and apartments), and a median house value of $255,419, house prices in Pleasant Grove are solidly below the national average.
Single-family detached homes are the single most common housing type in Pleasant Grove, accounting for 91.26% of the city's housing units. Other types of housing that are prevalent in Pleasant Grove include row houses and other attached homes ( 3.30%), large apartment complexes or high rise apartments ( 3.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 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 75.39% of Pleasant Grove's homes, and 82.64% 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 ( 20.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.57%).
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 6.43% during the period.
NeighborhoodScout's data show that during the latest twelve months, Pleasant Grove's appreciation rate, at 6.89%, has been at or slightly above the national average. In the latest quarter, Pleasant Grove's appreciation rate has been 1.03%, which annualizes to a rate of 4.20%.
Notably, Pleasant Grove's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Pleasant Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$255,419
for Alabama
for nation
3,553
$2,163 / per month