Pelham Gardens, New York, NY—10469
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelham Gardens, New York, NY
As of Oct '25, the median home price in Pelham Gardens, New York, NY is $657,000, with a year-over-year change of 3.3%. This indicates that home prices in Pelham Gardens, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $657,000 | 3.3% |
| Single Family | $660,000 | 3.4% |
| Condos | $446,000 | 7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $589,000 | 1.0% |
3 Bed | $677,000 | 1.0% |
4 Bed | $719,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pelham Gardens, New York, NY
As of July '25, Rentcast reports the average rent in Pelham Gardens, New York, NY is $2,600, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Pelham Gardens, New York, NY is studios: $1,180, 1-bedrooms: $1,820, 2-bedrooms: $2,520, 3-bedrooms: $3,350, 4-bedrooms: $3,860. The most common rental property sizes in Pelham Gardens, New York, NY are 2-bedroom and 3-bedroom, accounting for 36.0% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,600 |
| Studio Rent | $900 | $1,180 |
| 1 Bed Rent | $1,900 | $1,820 |
| 2 Bed Rent | $2,300 | $2,520 |
| 3 Bed Rent | $3,700 | $3,350 |
| 4 Bed Rent | $3,800 | $3,860 |
% of Rental Stock
Property Listings — Pelham Gardens, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelham Gardens, New York, NY is 78. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $680,000 | 10.0% |
Listing Count | 81 | 81.0% |
| Listings as % of Homes | 0.3% | 81.0% |
Days on Market | 78 | 18.0% |
Demographics — Pelham Gardens, New York, NY
As of the latest ACS Survey released in 2023, Pelham Gardens, New York, NY has a population of 69,900, which has decreased by -5.4% over the past 5 years. Pelham Gardens, New York, NY is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 29.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 69,900 | -5.4% |
% Under 18 | 22.5% | 7.1% |
% Seniors | 18.1% | 9.7% |
% WFH | 5.7% | 200.0% |
% w/ College Degree | 29.1% | 16.4% |
As of the latest ACS Survey released in 2023, Pelham Gardens, New York, NY is a predominantly black area, with 57.0% of the population identifying as black. The black population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Pelham Gardens, New York, NY is hispanic, making up 27.4% of the population. Foreign-born residents account for 37.3% of the population in Pelham Gardens, New York, NY, and this percentage has decreased by 7.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 8.2% | -23.4% |
% Black | 57.0% | 5.0% |
% Hispanic | 27.4% | -5.5% |
% Asian | 6.3% | -3.1% |
% Foreign Born | 37.3% | -7.4% |
Mortgage and Risk — Pelham Gardens, New York, NY
According to HUD data as of 2023, there were 345 mortgage originations in Pelham Gardens, New York, NY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Pelham Gardens, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 345 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pelham Gardens, New York, NY
As of 2024, the percent of homes in Pelham Gardens, New York, NY under the Section 8 program is 10.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Pelham Gardens, New York, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,206 |
Total Units Section 8 | 1,264 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,900 | $2,400 |
| 2 Bedroom | $360 | $2,300 | $2,660 |
| 3 Bedroom | -$380 | $3,700 | $3,320 |
| 4 Bedroom | -$220 | $3,800 | $3,580 |
Affordability — Pelham Gardens, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $657,000 |
| Median Household Income | $76,000 |