The housing market in Prichard, AL is quite affordable compared to the national average. The median value of a house in Prichard is $67,900, which is far lower than the US median value of $338,100. In addition, the one year appreciation rate for housing in Prichard is 9.89%, higher than the US one year appreciation rate of 8.27%. This indicates that Prichard has an appreciating housing market on top of its already low median price point. All of this makes Prichard a great place to purchase a home at an affordable price with the potential for growth and appreciation.
The median home cost in Prichard is $67,900. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Prichard is up 13.2%.
Average Age of Homes
- The median age of Prichard real estate is 52 years old
The Rental Market in Prichard
- Renters make up 35.3% of the Prichard population
- 0.4% of houses and apartments in Prichard, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.