Prichard, AL—36613
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 $145,000, with a year-over-year change of -5.6%. 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 | $145,000 | -5.6% |
| Single Family | $145,000 | -4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $73,000 | -15.1% |
3 Bed | $159,000 | -4.2% |
4 Bed | $189,000 | -2.6% |
| 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 $1,010, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Prichard, AL is 1-bedrooms: $1,080, 2-bedrooms: $1,000, 3-bedrooms: $875. The most common rental property sizes in Prichard, AL are 3-bedroom and 2-bedroom, accounting for 68.4% and 14.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $1,080 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $875 | $875 |
| 4 Bed Rent | N/A | N/A |
% 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 116. This is a increase of 131.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $212,000 | 0.0% |
Listing Count | 34 | 85.0% |
| Listings as % of Homes | 0.3% | 85.0% |
Days on Market | 116 | 131.0% |
Demographics — Prichard, AL
As of the latest ACS Survey released in 2023, Prichard, AL has a population of 12,100, which has decreased by -10.3% over the past 5 years. Prichard, AL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 15.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | -10.3% |
% Under 18 | 24.2% | -0.4% |
% Seniors | 20.3% | 42.0% |
% WFH | 4.8% | 128.6% |
% w/ College Degree | 15.1% | 22.8% |
As of the latest ACS Survey released in 2023, Prichard, AL is a predominantly black area, with 52.2% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Prichard, AL is white, making up 43.9% of the population. Foreign-born residents account for 0.3% of the population in Prichard, AL, and this percentage has decreased by 70.0% 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 | 43.9% | -0.2% |
% Black | 52.2% | -0.4% |
% Hispanic | 2.4% | 140.0% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.3% | -70.0% |
Mortgage and Risk — Prichard, AL
According to HUD data as of 2023, there were 139 mortgage originations in Prichard, AL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Prichard, AL. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
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 | 247 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $750 | $1,030 |
| 2 Bedroom | $240 | $1,000 | $1,240 |
| 3 Bedroom | $755 | $875 | $1,630 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Prichard, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $145,000 |
| Median Household Income | $49,300 |