Pratt City, Birmingham, AL—35211
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pratt City, Birmingham, AL
As of Oct '25, the median home price in Pratt City, Birmingham, AL is $77,000, with a year-over-year change of -4.0%. This indicates that home prices in Pratt City, Birmingham, AL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $77,000 | -4.0% |
| Single Family | $77,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $54,000 | -1.8% |
3 Bed | $79,000 | -2.5% |
4 Bed | $115,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pratt City, Birmingham, AL
As of July '25, Rentcast reports the average rent in Pratt City, Birmingham, AL is $1,190, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Pratt City, Birmingham, AL is 1-bedrooms: $932, 2-bedrooms: $899, 3-bedrooms: $1,240, 4-bedrooms: $1,320. The most common rental property sizes in Pratt City, Birmingham, AL are 2-bedroom and 3-bedroom, accounting for 38.0% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $932 |
| 2 Bed Rent | $800 | $899 |
| 3 Bed Rent | $1,150 | $1,240 |
| 4 Bed Rent | $1,300 | $1,320 |
% of Rental Stock
Property Listings — Pratt City, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pratt City, Birmingham, AL is 58. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $104,000 | -12.0% |
Listing Count | 129 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 58 | 20.0% |
Demographics — Pratt City, Birmingham, AL
As of the latest ACS Survey released in 2023, Pratt City, Birmingham, AL has a population of 25,300, which has increased by 2.7% over the past 5 years. Pratt City, Birmingham, AL is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | 2.7% |
% Under 18 | 23.0% | 23.0% |
% Seniors | 17.3% | -5.5% |
% WFH | 5.1% | 200.0% |
% w/ College Degree | 22.5% | -0.9% |
As of the latest ACS Survey released in 2023, Pratt City, Birmingham, AL is a predominantly black area, with 77.6% of the population identifying as black. The black population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Pratt City, Birmingham, AL is white, making up 10.2% of the population. Foreign-born residents account for 6.4% of the population in Pratt City, Birmingham, AL, and this percentage has increased by 113.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.2% | 14.6% |
% Black | 77.6% | -10.0% |
% Hispanic | 9.8% | 600.0% |
% Asian | 0.5% | -61.5% |
% Foreign Born | 6.4% | 113.3% |
Mortgage and Risk — Pratt City, Birmingham, AL
According to HUD data as of 2023, there were 230 mortgage originations in Pratt City, Birmingham, AL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Pratt City, Birmingham, AL. Investor activity is low, as 9.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 230 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pratt City, Birmingham, AL
As of 2024, the percent of homes in Pratt City, Birmingham, AL under the Section 8 program is 27.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pratt City, Birmingham, AL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,463 |
Total Units Section 8 | 1,930 |
% Rentals under Section 8 | 27.8% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $275 | $725 | $1,000 |
| 2 Bedroom | $330 | $800 | $1,130 |
| 3 Bedroom | $270 | $1,150 | $1,420 |
| 4 Bedroom | $280 | $1,300 | $1,580 |
Affordability — Pratt City, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $77,000 |
| Median Household Income | $34,300 |