Pelham, NC—27311
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelham, NC
Pelham, NC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | -4.2% |
| Single Family | $158,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | -2.2% |
3 Bed | $175,000 | -2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pelham, NC
Pelham, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pelham, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelham, NC is 71. This is a increase of 4.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -49.0% |
Listing Count | 10 | 62.0% |
| Listings as % of Homes | 0.1% | 62.0% |
Days on Market | 71 | 4.0% |
Demographics — Pelham, NC
As of the latest ACS Survey released in 2023, Pelham, NC has a population of 3,660, which has decreased by -1.1% over the past 5 years. Pelham, NC is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 8.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,660 | -1.1% |
% Under 18 | 25.2% | 33.3% |
% Seniors | 19.8% | 4.8% |
% WFH | 10.7% | 970.0% |
% w/ College Degree | 8.6% | 7.5% |
As of the latest ACS Survey released in 2023, Pelham, NC is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Pelham, NC is black, making up 22.9% of the population. Foreign-born residents account for 8.0% of the population in Pelham, NC, and this percentage has increased by 86.0% 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 | 58.9% | -6.4% |
% Black | 22.9% | -12.9% |
% Hispanic | 15.4% | 62.1% |
% Asian | 0.5% | 400.0% |
% Foreign Born | 8.0% | 86.0% |
Mortgage and Risk — Pelham, NC
According to HUD data as of 2023, there were 46 mortgage originations in Pelham, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Pelham, NC. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Pelham, NC
Pelham, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Pelham, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $158,000 |
| Median Household Income | $35,500 |