Pleasant Grove, AL—35127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pleasant Grove, AL
As of Oct '25, the median home price in Pleasant Grove, AL is $222,000, with a year-over-year change of -3.0%. This indicates that home prices in Pleasant Grove, AL are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | -3.1% |
| Single Family | $222,000 | -3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | -3.2% |
3 Bed | $212,000 | -3.2% |
4 Bed | $271,000 | -1.5% |
| 5 Bed | $320,000 | -2.7% |
% of Housing Stock
Rental Trends — Pleasant Grove, AL
As of July '25, Rentcast reports the average rent in Pleasant Grove, AL is $1,380, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Pleasant Grove, AL is 1-bedrooms: $685, 3-bedrooms: $1,400, 4-bedrooms: $1,600. The most common rental property sizes in Pleasant Grove, AL are 3-bedroom and 2-bedroom, accounting for 46.4% and 41.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $685 | $685 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | $1,350 | $1,600 |
% of Rental Stock
Property Listings — Pleasant Grove, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pleasant Grove, AL is 56. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -9.0% |
Listing Count | 44 | 18.0% |
| Listings as % of Homes | 1.2% | 18.0% |
Days on Market | 56 | -4.0% |
Demographics — Pleasant Grove, AL
As of the latest ACS Survey released in 2023, Pleasant Grove, AL has a population of 9,500, which has decreased by -6.7% over the past 5 years. Pleasant Grove, AL is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,500 | -6.7% |
% Under 18 | 18.5% | -11.1% |
% Seniors | 18.5% | 12.8% |
% WFH | 5.3% | 178.9% |
% w/ College Degree | 24.3% | 6.1% |
As of the latest ACS Survey released in 2023, Pleasant Grove, AL is a predominantly black area, with 67.9% of the population identifying as black. The black population has grown by 13.7% in the last 5 years. The second most common race or ethnicity in Pleasant Grove, AL is white, making up 29.3% of the population. Foreign-born residents account for 0.8% of the population in Pleasant Grove, AL, and this percentage has increased by 700.0% 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 | 29.3% | -24.3% |
% Black | 67.9% | 13.7% |
% Hispanic | 1.2% | 140.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.8% | 700.0% |
Mortgage and Risk — Pleasant Grove, AL
According to HUD data as of 2023, there were 207 mortgage originations in Pleasant Grove, AL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Pleasant Grove, AL. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Pleasant Grove, AL
Pleasant Grove, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 37 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $655 | $685 | $1,340 |
| 2 Bedroom | N/A | N/A | $1,480 |
| 3 Bedroom | $450 | $1,400 | $1,850 |
| 4 Bedroom | $740 | $1,350 | $2,090 |
Affordability — Pleasant Grove, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $222,000 |
| Median Household Income | $68,300 |