The housing market in Prichard, AL is very favorable for potential homeowners. The median value of housing in Prichard stands at 68,100 dollars, which is significantly lower than the national average of 338,100 dollars. On top of that, the one year appreciation rate for houses in Prichard has been 9.89%, which is higher than the national one year appreciation rate of 8.27%. This implies that now may be an especially good time to buy a house in Prichard because it will likely appreciate more quickly than other parts of the country. All in all, the housing market in Prichard appears to be strong and on an upward trajectory.
The median home cost in Prichard (zip 36612) is $68,100. Home appreciation the last 10 years has been 67.7%. Home Appreciation in Prichard (zip 36612) is up 13.2%.
Average Age of Homes
- The median age of Prichard (zip 36612) real estate is 49 years old
The Rental Market in Prichard (zip 36612)
- Renters make up 39.0% of the Prichard (zip 36612) population
- 0.0% of houses and apartments in Prichard (zip 36612), 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.