Pleasant Grove, Alabama Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Pleasant Grove, Alabama rental market.
Pleasant Grove, Alabama
Average Apartment Rent
$841
Y-o-Y Change in Average
Apartment Rent
-7.4%
As of July 2024
Compared to a year ago, Pleasant Grove, Alabama apartments have recorded a -7.4% rent decrease.
Pleasant Grove, Alabama Average apartment rent trend
Pleasant Grove, Alabama Average Apartment Rent
Pleasant Grove, Alabama Housing tenure**
Renters take up 23% of Pleasant Grove, Alabama real estate, occupying a total of 809 units, while homeowners live in 2,744 properties.
Median number of rooms of renter-occupied housing units**
5.6
Renter median household income**
$51,354
Average household size of renter-occupied housing units**
2.52
Rental vacancy rate**
1.7%
Pleasant Grove, Alabama Renter-occupied housing units by no. of bedrooms**
There are 405 rentals in Pleasant Grove, Alabama with 3 beds making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 6 units. Overall, the median number of rooms in Pleasant Grove, Alabama homes for rent is 5.6.
Pleasant Grove, Alabama Renter-occupied units by age of householder**
Most condos for rent in Pleasant Grove, Alabama are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 65 - 74 years age group (25%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Pleasant Grove, Alabama Renter-occupied housing units by family type**
Pleasant Grove, Alabama Renter-occupied housing units by the presence of own children**
A total of 673 apartments for rent in Pleasant Grove, Alabama, or 83% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 306 units. All in all, the median size of a renter-occupied household in Pleasant Grove, Alabama is 2.52.
Pleasant Grove, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Pleasant Grove, Alabama.
Pleasant Grove, Alabama Renter-occupied units by year structure built**
The highest share of Pleasant Grove, Alabama apartment rentals, namely 36% or 294 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (26%, 210 units), and the ones Built 2000 - 2009 (11%, 88 units).
Pleasant Grove, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Pleasant Grove, Alabama renters (41%) moved in 2010 to 2017, while only 2% of them moved in 2021 or later. Overall, the median year renters have occupied their Pleasant Grove, Alabama condos for rent is 2017.
Pleasant Grove, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Pleasant Grove, Alabama renters have 2 vehicles available per household, 36% of them have 1 vehicle available, and 16% have No vehicle available.
Pleasant Grove, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Pleasant Grove, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Pleasant Grove, Alabama Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Pleasant Grove, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
