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 $134,517, lower than the Tennessee average of $218,916.
The average cost of rent is $743/mo in Pelham, primarily driven by the current value of real estate in the Pelham area. While nearly 55.57% of residents own their homes outright in Pelham, 17.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pelham is $5,237 per month. Households that rent pay about 14.18% of their income on rent here. Pelham's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Glen, TN: equally priced homes
- Sweeton Hill, TN: less expensive homes
- Monteagle, TN: higher priced homes
- Wilder Chapel, TN: higher priced homes
- Tracy City, TN: equally priced homes
- Hillsboro, TN: higher priced homes
- Coalmont, TN: less expensive homes
- Altamont, TN: less expensive homes
- Mount View, TN: higher priced homes
- Gum Creek, TN: higher priced homes
Cities with Similar Populations
- Easton, MO: higher priced homes
- Usrytown, MS: less expensive homes
- Garwin, IA: less expensive homes
- Fleischmanns, NY: higher priced homes
- Faulkton, SD: less expensive homes
- Everly, IA: less expensive homes
- Epps, LA: less expensive homes
- Elkville, IL: less expensive homes
- Elizabeth, LA: less expensive homes
- Edwardsport, IN: less expensive homes
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