Pelham, NY—10803
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelham, NY
As of Oct '25, the median home price in Pelham, NY is $1,307,000, with a year-over-year change of 9.6%. This indicates that home prices in Pelham, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,307,000 | 9.6% |
| Single Family | $1,392,000 | 10.7% |
| Condos | $352,000 | 8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $639,000 | 7.4% |
3 Bed | $1,018,000 | 7.8% |
4 Bed | $1,423,000 | 10.7% |
| 5 Bed | $2,018,000 | 12.6% |
% of Housing Stock
Rental Trends — Pelham, NY
As of July '25, Rentcast reports the average rent in Pelham, NY is $4,800, with a year-over-year rent change of 19.7%. Per bedroom, the median rent as of July '25 in Pelham, NY is studios: $1,850, 1-bedrooms: $2,560, 2-bedrooms: $4,930, 3-bedrooms: $5,600, 4-bedrooms: $6,500. The most common rental property sizes in Pelham, NY are 2-bedroom and 1-bedroom, accounting for 50.0% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $4,800 |
| Studio Rent | $1,850 | $1,850 |
| 1 Bed Rent | $2,650 | $2,560 |
| 2 Bed Rent | $4,000 | $4,930 |
| 3 Bed Rent | $4,900 | $5,600 |
| 4 Bed Rent | $6,500 | $6,500 |
% of Rental Stock
Property Listings — Pelham, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelham, NY is 44. This is a increase of 3.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,350,000 | 44.0% |
Listing Count | 32 | 71.0% |
| Listings as % of Homes | 0.4% | 71.0% |
Days on Market | 44 | 3.0% |
Demographics — Pelham, NY
As of the latest ACS Survey released in 2023, Pelham, NY has a population of 13,100, which has increased by 4.4% over the past 5 years. Pelham, NY is a popular place for families, as children make up 30.5% of the population. The area has a highly educated workforce, with 73.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,100 | 4.4% |
% Under 18 | 30.5% | 2.7% |
% Seniors | 12.5% | -6.7% |
% WFH | 24.0% | 200.0% |
% w/ College Degree | 73.5% | 13.6% |
As of the latest ACS Survey released in 2023, Pelham, NY is a predominantly white area, with 67.5% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Pelham, NY is hispanic, making up 13.3% of the population. Foreign-born residents account for 17.1% of the population in Pelham, NY, and this percentage has increased by 0.6% 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 | 67.5% | 0.9% |
% Black | 6.6% | -35.9% |
% Hispanic | 13.3% | 3.1% |
% Asian | 6.7% | -1.5% |
% Foreign Born | 17.1% | 0.6% |
Mortgage and Risk — Pelham, NY
According to HUD data as of 2023, there were 178 mortgage originations in Pelham, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Pelham, NY. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Pelham, NY
As of 2024, the percent of homes in Pelham, NY under the Section 8 program is 5.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Pelham, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $2,650 | $2,850 |
| 2 Bedroom | -$840 | $4,000 | $3,160 |
| 3 Bedroom | -$960 | $4,900 | $3,940 |
| 4 Bedroom | -$2,250 | $6,500 | $4,250 |
Affordability — Pelham, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $1,307,000 |
| Median Household Income | $212,000 |