Pelham, AL—35124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelham, AL
As of Oct '25, the median home price in Pelham, AL is $339,000, with a year-over-year change of 1.4%. This indicates that home prices in Pelham, AL are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 1.4% |
| Single Family | $341,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 1.4% |
3 Bed | $293,000 | 2.1% |
4 Bed | $447,000 | 2.5% |
| 5 Bed | $585,000 | 2.8% |
% of Housing Stock
Rental Trends — Pelham, AL
As of July '25, Rentcast reports the average rent in Pelham, AL is $1,980, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Pelham, AL is studios: $1,590, 1-bedrooms: $1,740, 2-bedrooms: $2,000, 3-bedrooms: $1,890, 4-bedrooms: $2,300. The most common rental property sizes in Pelham, AL are 3-bedroom and 2-bedroom, accounting for 50.0% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,980 |
| Studio Rent | $1,590 | $1,590 |
| 1 Bed Rent | $1,350 | $1,740 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $1,800 | $1,890 |
| 4 Bed Rent | $2,140 | $2,300 |
% of Rental Stock
Property Listings — Pelham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelham, AL is 58. This is a decrease of -8.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 10.0% |
Listing Count | 196 | 22.0% |
| Listings as % of Homes | 1.3% | 22.0% |
Days on Market | 58 | -8.0% |
Demographics — Pelham, AL
As of the latest ACS Survey released in 2023, Pelham, AL has a population of 24,900, which has increased by 1.8% over the past 5 years. Pelham, AL is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 1.8% |
% Under 18 | 22.0% | -4.8% |
% Seniors | 18.1% | 28.4% |
% WFH | 17.7% | 221.8% |
% w/ College Degree | 50.2% | 25.5% |
As of the latest ACS Survey released in 2023, Pelham, AL is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Pelham, AL is hispanic, making up 14.5% of the population. Foreign-born residents account for 8.9% of the population in Pelham, AL, and this percentage has decreased by 7.3% 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 | 66.7% | -10.5% |
% Black | 12.9% | 43.3% |
% Hispanic | 14.5% | 11.5% |
% Asian | 2.9% | 11.5% |
% Foreign Born | 8.9% | -7.3% |
Mortgage and Risk — Pelham, AL
According to HUD data as of 2023, there were 582 mortgage originations in Pelham, AL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Pelham, AL. Investor activity is low, as 2.0% 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 | 582 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pelham, AL
Pelham, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,350 | $1,400 |
| 2 Bedroom | -$450 | $2,000 | $1,550 |
| 3 Bedroom | $140 | $1,800 | $1,940 |
| 4 Bedroom | $50 | $2,140 | $2,190 |
Affordability — Pelham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $339,000 |
| Median Household Income | $91,500 |