Prahran at a glance
Median house
$1,667,500
Median unit
$524,000
Walk score
100
Walker's paradise
Population
12.2k
Median age 34
The brief
What to know about Prahran.
The postcode for Prahran is 3181 (VIC), part of Greater Melbourne.
The median house price in Prahran is $1,667,500.
Prahran (3181) sits in the Port Phillip region of Victoria. The median house here is $1,667,500, well above the Victoria median of around $850K.
Prahran has roughly 12,203 residents, with a young-family demographic. Households are renter-heavy. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Prahran scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 5 government primary, 3 government secondary, 4 Catholic, 7 independent.
Who lives here
Demographics.
The 2021 Census put Prahran's population at 12,203, with a median age of 34. That sits as a young-family demographic. Households are renter-heavy (44% own, 54% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (46%), often a marker of unit-heavy stock and walkable infrastructure.
Population
12,203
Median age
34
Family households
44%
Lone person
46%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $1,667,500 on a typical sale, well above the Victoria median. Units come in around $524,000, roughly 69% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $334,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$1,667,500
+0.0% over the past year. Median unit price $524,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$975/wk
Weekly rent (unit)
$650/wk
Owner occupied
44%
Renter occupied
54%
At a deeper level
$1,667,500
$524,000
12,203
Median age: 34
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 3.04% (median rent $975/wk against a $1,667,500 price tag). Units yield 6.45% gross, often the better cash-flow play for first-time investors. With 54% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20263.04%
Based on $1,667,500 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20266.45%
Based on $524,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202644%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
2,513
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Prahran.
Local schools for Prahran
View the catchment for each school to find out more.
Government School Catchment
Prahran High School
Windsor Primary School
Toorak Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Prahran.
- What is the median house price in Prahran?
- The median house price in Prahran, VIC 3181 is $1,667,500. The median unit price is $524,000.
- What is the Prahran postcode?
- Prahran is in the 3181 postcode, in VIC, in the City of Port Phillip region.
- Where is Prahran?
- Prahran is a suburb of Melbourne, in VIC 3181. It is part of the Greater Melbourne area, in the City of Port Phillip region.
- What is the average rent in Prahran?
- The median weekly rent for houses is $975, for units it's $650.
- What schools are in Prahran?
- There are 20 schools serving Prahran on this page, including Prahran High School, Windsor Primary School, St Mary's School.
- How walkable is Prahran?
- Prahran has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Prahran?
- Prahran is close to Prahran East, Hawksburn, Windsor, Chapel Street North, St Kilda East.
- What is the population of Prahran?
- The population of Prahran is approximately 12,203 (2021 Census). The median age is 34.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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