Median price trend for houses
Based on 128 sales in the preceding 12 months
$1,530,000
Down 5.4% over 12 months
- 2 bed
- $1.35m
- 3 bed
- $1.7m
- 4 bed
- $1.71m
Historic building with domes at street intersection
Prancentral · CC BY-SA 4.0
The quick read on
Prahran
VIC 3181 · Stonnington
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,530,000
- Median unit
- $485,000
- Population
- 12,203
- Postcode
- 3181
latest suburb median
latest suburb median
ABS 2021
Prahran, Victoria
Property market insights for Prahran
Median sale price and rental income of properties in Prahran VIC
Median rent trend for houses
Based on 182 rental listings in the preceding 12 months
$900 per week
Up 5.9% over 12 months
Market data updated October 2026.
The median house price in Prahran, VIC is currently $1,530,000, based on the latest 12 months of sales. Prahran has a 12-month growth rate of -5.4% for houses and -3.0% for units.
Two-bedroom houses have a median sale price of $1,350,000, Three-bedroom houses have a median sale price of $1,700,000, Four-bedroom houses have a median sale price of $1,710,000 in Prahran.
If you're looking to lease, the median rent for houses in Prahran is $900 per week. The median house rent has increased 5.9% over the last 12 months.
The median price of apartments and units for sale in Prahran is $485,000, which has decreased 3.0% since the same time last year. One-bedroom apartments and units have a median sale price of $374,000, Two-bedroom apartments and units have a median sale price of $628,000, Three-bedroom apartments and units have a median sale price of $1,030,000 in Prahran. The median rent for units and apartments in Prahran is $600 per week and has increased 4.3% over the last 12 months.
Crime and safety
Is Prahran safe?
The overall rate for Prahran is 11,496 offences per 100,000 residents — 187% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Prahran.
Overall crime rate
11,496
offences per 100,000 residents
187% aboveGreater Melbourne
PrahranGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Prahran?
Prahran VIC 3181 is in Victoria, within Greater Melbourne.
12,203 people call Prahran home, with an average of 1.8 people per household and a median household income of $2,121 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 12,203
- Median age
- 34 years
- Median mortgage
- $2,274 / month
- 2021 household rent
- $421 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 158.7%Below
15–3441.4%Above
35–5428.9%Above
55–7414.6%Below
75 and over6.3%Below
Homes
Share of occupied private dwellings.
Separate houses18.3%Below
Townhouses21.6%Above
Apartments59.5%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright20.1%Below
Paying a mortgage24.4%Below
Renting55.4%Above
Cars at home
Vehicles available to occupied households.
No car22.7%Above
One car53.6%Above
Two cars19.6%Below
Three or more4.0%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home45.5%Above
Drove to work24.0%Below
Train, tram or bus7.4%Above
Walked or cycled8.1%Above
What stands out in Prahran
45.5% of workers in Prahran worked from home on Census day — noticeably more common than across Greater Melbourne.
4.6% of Prahran residents were born in England.
52.3% of people in Prahran described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Prahran
Open any question for a plain-English reading of the public 2021 Census for Prahran VIC 3181.
Is Prahran family-friendly?Age, family structure and household size describe the community families would be joining.
8.7% of Prahran's residents were children under 15 in the 2021 Census. That is about half the Greater Melbourne rate.
2,760 family households lived in Prahran; 28.3% were couple families and 10.1% were one-parent families.
25.3% of local families included children under 15. That is well below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Prahran?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Prahran had 12,203 residents at the 2021 Census.
49.2% of residents were aged 25 to 44.
20.9% were 55 or older. That is somewhat below the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Prahran?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 18.3% of occupied private dwellings in Prahran.
Townhouses and other attached homes represented 21.6% of occupied private dwellings.
Flats and apartments accounted for 59.5% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Prahran?Tenure shows how many households own outright, have a mortgage or rent.
20.1% of households with a stated tenure owned their home outright. That is well below the Greater Melbourne average.
24.4% were buying their home with a mortgage.
55.4% rented their home. That is well above the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Prahran?Household-size data shows the mix behind the suburb-wide average.
The average household in Prahran had 1.8 people.
One-person households made up 45.5% of occupied homes. That is about twice the Greater Melbourne rate.
Two-person households represented 36.3%, while 8.0% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Prahran?Census-day travel shows the balance between home, road, public transport and active travel.
45.5% of workers worked from home on Census day. That is well above the Greater Melbourne average.
24.0% drove a car as their only travel method. That is about half the Greater Melbourne rate.
7.4% used only a train, tram or bus, while 8.1% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Prahran?Vehicle availability helps describe the routines local households can support.
22.7% of occupied households had no motor vehicle available. That is about twice the Greater Melbourne rate.
One-car households formed 53.6% of the total.
23.6% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Prahran, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
39.5% were at the same address five years earlier, while 60.5% reported a different address.
31.4% of residents were born outside Australia. That is somewhat below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Prahran?Language at home gives a direct view of the community’s everyday linguistic mix.
75.5% of residents used only English at home.
19.4% used a language other than English at home.
1.9% spoke Mandarin at home, 0.8% spoke Cantonese and 0.5% spoke Hindi.
Home language is separate from English proficiency.
Where were Prahran residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
31.4% of Prahran's population was born outside Australia, while roughly 68.6% was born in Australia.
1.5% of residents were born in China.
1.4% were born in India, while Australian citizenship across the whole suburb stood at 79.6%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Prahran?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 34.2% of ancestry responses in Prahran.
Australian ancestry made up 24.0% of responses.
Chinese ancestry represented 4.9% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Prahran?Occupation describes a person’s role; industry describes the sector employing them.
41.2% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 19.8% of employed residents, while clerical and administrative workers made up 11.8%.
Health care and social assistance employed 12.8% of workers, and education and training employed 7.2%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Prahran?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 75.6%, compared with 64.1% across Greater Melbourne.
51.0% of residents aged 15 and over worked full time, while 17.9% worked part time.
Unemployment was 3.5%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Prahran show?Selected long-term health conditions help describe community service needs.
63.6% reported no selected long-term health condition.
10.6% reported a long-term mental health condition, including depression or anxiety.
8.2% reported asthma, 4.7% arthritis and 2.7% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Prahran?Qualifications describe the study pathways represented among local residents.
46.6% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 17.0% of qualification responses.
Diploma-level qualifications represented 11.3%, while certificate-level qualifications represented 10.3%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Prahran?Census income and household payments give historical context for local living costs.
Median household income was $2,121 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,274.
Occupied renting households reported a median rent of $421 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Prahran compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 45.5% in Prahran, compared with 28.8% across Greater Melbourne.
Outright ownership was 20.1% locally and 30.7% across Greater Melbourne. That is well below the Greater Melbourne average.
Renting accounted for 55.4% in Prahran, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Prahran
Is Prahran expensive?
The median house price is $1,530,000, while units and apartments sit at $485,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Prahran good for families?
The Census counted 2,760 local families, and 8.7% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Prahran?
2-bedroom houses have a median around $1,350,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Prahran
122 streets in Prahran
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Abeckett St
- Aberdeen Rd
- Airlie Ave
- Alfred St
- Anchor Pl
- Arkle St
- Athol St
- Bangs Street
- Banole Ave
- Bayview St
- Bella St
- Bendigo St
- Bidey St
- Bowen St
- Brenchley Pl
- Burns St
- Carlton St
- Cato St
Show all 122 streetsShow fewer streets
- Cecil Pl
- Chapel St
- Charles St
- Chatham St
- Chatsworth Rd
- Cheater Ln
- Chomley St
- Clarke St
- Clifton St
- Closeburn Ave
- Commercial Rd
- Confectionery Ln
- Continental
- Craven St
- Dandenong Rd
- Dixon St
- Donald St
- Doon St
- Errol St
- Essex St
- Florence St
- Francis St
- Glass Pl
- Gooch St
- Grandview Gr
- Grattan St
- Greville St
- Harvey St
- Highbury Gr
- High St
- Hillingdon Pl
- Hinton Ln
- Hurry Pl
- Irene Pl
- Irving Ave
- Ivy St
- Izett St
- Jessamine Ave
- Karbarook Ave
- Kelvin Ct
- Kelvin Gr
- Kenleigh Gr
- Kent Ln
- King St
- Lalbert Cr
- Larnook St
- Leila St
- Lewisham Rd North
- Lexton Gr
- Linden Ct
- Little Chapel St
- Lorne Rd
- Lumley Ct
- Mackay St
- Macquarie St
- Malvern Rd
- Maples Ln
- Mcmicken Ln
- Michie
- Miller St
- Molesworth St
- Moss St
- Mount St
- Murray St
- Nottingham St
- Orrong Rd
- Packington Pl
- Packington St
- Park Rd
- Percy Pl
- Percy St
- Perth St
- Pickford St
- Porter Street
- Pridham St
- Princes Cl
- Princes St
- Punt Rd
- Rae Ct
- Regent St
- Robinson St
- Rudduck Close
- Russell St
- Spring St
- Stawell St
- St Edmonds Rd
- St Malo St
- St Matthews
- Summers St
- Sydney St
- Taylor Cl
- Thomas Pl
- Trinian St
- Vail St
- Walker St
- Wattle St
- Westbourne St
- Williams Rd
- Willis St
- Woodfull St
- Wrights Tce
- Wynnstay Rd
- York Pl
- York St
12 suburbs surrounding Prahran
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Prahran right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.