Prichard, AL—36612
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prichard, AL
As of Oct '25, the median home price in Prichard, AL is $54,000, with a year-over-year change of -17.9%. This indicates that home prices in Prichard, AL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $54,000 | -17.9% |
| Single Family | $54,000 | -18.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $65,000 | -14.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prichard, AL
As of July '25, Rentcast reports the average rent in Prichard, AL is $1,060, with a year-over-year rent change of -29.3%. Per bedroom, the median rent as of July '25 in Prichard, AL is 2-bedrooms: $931, 4-bedrooms: $1,600. The most common rental property sizes in Prichard, AL are 3-bedroom and 2-bedroom, accounting for 39.1% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $931 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Prichard, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Prichard, AL is 42. This is a increase of 36.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $55,000 | 16.0% |
Listing Count | 8 | 100.0% |
| Listings as % of Homes | 0.3% | 100.0% |
Days on Market | 42 | 36.0% |
Demographics — Prichard, AL
As of the latest ACS Survey released in 2023, Prichard, AL has a population of 3,560, which has decreased by -27.8% over the past 5 years. Prichard, AL is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,560 | -27.8% |
% Under 18 | 26.6% | -17.1% |
% Seniors | 21.9% | 36.9% |
% WFH | 9.8% | 1,300.0% |
% w/ College Degree | 13.1% | 114.8% |
As of the latest ACS Survey released in 2023, Prichard, AL is a predominantly black area, with 94.5% of the population identifying as black. The black population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Prichard, AL is white, making up 5.0% of the population. Foreign-born residents account for 0.0% of the population in Prichard, AL, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 5.0% | 117.4% |
% Black | 94.5% | -3.0% |
% Hispanic | 1.9% | -45.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Prichard, AL
According to HUD data as of 2023, there were 22 mortgage originations in Prichard, AL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Prichard, AL. Investor activity is low, as 9.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Prichard, AL
Prichard, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 500 |
Total Units Section 8 | 501 |
% Rentals under Section 8 | 97.9% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $65 | $925 | $990 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | -$260 | $1,600 | $1,340 |
Affordability — Prichard, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $54,000 |
| Median Household Income | $36,800 |