Market Overview
Home Prices in Prichard, AL
The median home value in Prichard, AL is $56,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.1% compared to a year ago and down 14.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Prichard are priced86% below average. Prichard is part of the Mobile, AL metro area.
Over the past five years, Prichard home values have fallen by approximately12.8%, reflecting softening conditions in this market.
Price History
Prichard Home Price Trend
City Comparison
Prichard vs. National Median
At $56,513, homes in Prichard cost 86% below the national median of $410,000. This makes Prichard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Prichard?
20% Down Payment
$11,303
on $56,513
Monthly P&I
$295/mo
30-yr @ 6.8%
Total Monthly Est.
~$375/mo
incl. taxes & insurance
Income Needed
$15,000
gross annual (30% rule)
10% Down Option
$5,651
+ PMI applies
Loan Amount (20% dn)
$45,210
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Prichard, AL?
The median home value in Prichard is $56,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.1% year-over-year.
How much have home prices changed in Prichard?
Over the past year, home values in Prichard have decreased by 4.1%. Over five years, prices have fallen approximately 12.8%.
How much do I need to earn to buy a home in Prichard?
To comfortably afford the median home price of $56,513 with a 20% down payment ($11,303) at today's rates (6.8%), you'd need a gross annual income of approximately $15,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Prichard compare to the national average home price?
The national median home value is approximately $410,000. At $56,513, homes in Prichard are 86% below the national average.
What metro area is Prichard part of?
Prichard is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.