Home Price Key
Affordable
Average
Expensive
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 $256,401, higher than the Alabama average of $185,232.
The average cost of rent is $1,392/mo in Pelham, primarily driven by the current value of real estate in the Pelham area. While nearly 30.12% of residents own their homes outright in Pelham, 20.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pelham is $7,523 per month. Households that rent pay about 18.50% of their income on rent here. Pelham's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Helena, AL: equally 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: less expensive homes
- Saginaw, AL: less expensive homes
- Chelsea, AL: equally 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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