Pelham Bay, New York, NY—10461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelham Bay, New York, NY
As of Oct '25, the median home price in Pelham Bay, New York, NY is $695,000, with a year-over-year change of 3.7%. This indicates that home prices in Pelham Bay, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $695,000 | 3.7% |
| Single Family | $720,000 | 2.7% |
| Condos | $257,000 | 8.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $276,000 | 13.1% |
2 Bed | $559,000 | 0.5% |
3 Bed | $723,000 | 2.4% |
4 Bed | $788,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pelham Bay, New York, NY
As of July '25, Rentcast reports the average rent in Pelham Bay, New York, NY is $2,780, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Pelham Bay, New York, NY is studios: $1,820, 1-bedrooms: $2,210, 2-bedrooms: $2,730, 3-bedrooms: $3,300, 4-bedrooms: $5,000. The most common rental property sizes in Pelham Bay, New York, NY are 1-bedroom and 2-bedroom, accounting for 39.8% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,780 |
| Studio Rent | $1,500 | $1,820 |
| 1 Bed Rent | $2,000 | $2,210 |
| 2 Bed Rent | $2,400 | $2,730 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Pelham Bay, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelham Bay, New York, NY is 49. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 26.0% |
Listing Count | 58 | 49.0% |
| Listings as % of Homes | 0.2% | 49.0% |
Days on Market | 49 | -15.0% |
Demographics — Pelham Bay, New York, NY
As of the latest ACS Survey released in 2023, Pelham Bay, New York, NY has a population of 50,900, which has increased by 1.1% over the past 5 years. Pelham Bay, New York, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,900 | 1.1% |
% Under 18 | 21.7% | 5.9% |
% Seniors | 15.3% | -1.9% |
% WFH | 6.8% | 183.3% |
% w/ College Degree | 27.4% | -2.5% |
As of the latest ACS Survey released in 2023, Pelham Bay, New York, NY is a predominantly hispanic area, with 46.6% of the population identifying as hispanic. The hispanic population has remained stable in the last 5 years. The second most common race or ethnicity in Pelham Bay, New York, NY is white, making up 30.0% of the population. Foreign-born residents account for 30.1% of the population in Pelham Bay, New York, NY, and this percentage has increased by 10.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.0% | -9.9% |
% Black | 10.1% | 7.4% |
% Hispanic | 46.6% | 0.0% |
% Asian | 13.7% | 23.4% |
% Foreign Born | 30.1% | 10.7% |
Mortgage and Risk — Pelham Bay, New York, NY
According to HUD data as of 2023, there were 207 mortgage originations in Pelham Bay, New York, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Pelham Bay, New York, NY. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pelham Bay, New York, NY
As of 2024, the percent of homes in Pelham Bay, New York, NY under the Section 8 program is 7.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Pelham Bay, New York, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,168 |
Total Units Section 8 | 1,168 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $2,000 | $2,530 |
| 2 Bedroom | $400 | $2,400 | $2,800 |
| 3 Bedroom | $290 | $3,200 | $3,490 |
| 4 Bedroom | -$1,240 | $5,000 | $3,760 |
Affordability — Pelham Bay, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.6 |
| Median Home Price | $695,000 |
| Median Household Income | $65,000 |