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These days, finding an affordable place to live in the Pelham area can be challenging. Home prices in Pelham are now at a median cost of $317,122, higher than the Alabama average of $228,911.
The average cost of rent is $1,370/mo in Pelham, primarily driven by the current value of real estate in the Pelham area. In Pelham, 17.69% of households rent, and 31.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pelham is $8,293 per month. Households that rent pay about 16.52% of their income on rent here. Pelham’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Helena, AL: higher priced homes
- Alabaster, AL: less expensive homes
- Indian Springs Village, AL: higher priced homes
- Hoover, AL: higher priced homes
- Maylene, AL: equally priced homes
- Siluria, AL: higher priced homes
- Simmsville, AL: equally priced homes
- Saginaw, AL: less expensive homes
- Chelsea, AL: higher priced homes
- Meadowbrook, AL: higher priced homes
Cities with Similar Populations
- Red Bank, NJ: higher priced homes
- Lucedale, MS: less expensive homes
- Lynbrook, NY: higher priced homes
- Lynden, WA: higher priced homes
- Lyndhurst, NJ: higher priced homes
- Lynn Haven, FL: equally priced homes
- Merchantville, NJ: less expensive homes
- Merrick, NY: higher priced homes
- Middletown, PA: less expensive homes
- Mooresville, IN: less expensive homes
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