Pelham, AL 35124 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pelham, AL—35124

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$338,000

1.5% YoY Growth

Household Income

$91,500

20.9% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$1,900

3.7% YoY Growth

1-Bed Rent

$1,350

16.0% YoY Growth

2-Bed Rent

$2,000

7.5% YoY Growth

3-Bed Rent

$1,800

1.1% YoY Growth

Home Price Trends — Pelham, AL

As of Dec '25, the median home price in Pelham, AL is $338,000, with a year-over-year change of 1.5%. This indicates that home prices in Pelham, AL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$338,000	1.5%
Single Family	$340,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

1 Bedroom

7.0%

2 Bedrooms

30.4%

3 Bedrooms

50.0%

4 Bedrooms

10.0%

5+ Bedrooms

2.7%

Property Listings — Pelham, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Pelham, AL is 59. This is a decrease of -5.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$469,000	9.0%
Listing Count	164	1.0%
Listings as % of Homes	1.3%	1.0%
Days on Market	63	7.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Pelham, AL—35124

Key Metrics at a Glance

Home Price Trends — Pelham, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pelham, AL

% of Rental Stock

Property Listings — Pelham, AL

Demographics — Pelham, AL

Race and Ethnicity

Mortgage and Risk — Pelham, AL

Mortgages

Rentals and Section 8 — Pelham, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Pelham, AL

Home Price to Income Ratio

Pelham, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Hoover, AL

Alabaster, AL

Chelsea, AL

Vestavia Hills, AL

Hoover, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$338,000
Median Household Income	$91,500

Pelham, AL—35124

Key Metrics at a Glance

Home Price Trends — Pelham, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pelham, AL

% of Rental Stock

Property Listings — Pelham, AL

Demographics — Pelham, AL

Race and Ethnicity

Mortgage and Risk — Pelham, AL

Mortgages

Rentals and Section 8 — Pelham, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Pelham, AL

Home Price to Income Ratio

Pelham, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Hoover, AL

Alabaster, AL

Chelsea, AL

Vestavia Hills, AL

Hoover, AL

Frequently Asked Questions

What is the average home price in Pelham, AL 35124?

How have home prices in Pelham, AL 35124 changed over the past year?

What is the home price projection for Pelham, AL 35124?

What are the demographics of Pelham, AL 35124?

How long does it take homes to sell in Pelham, AL 35124?

What is the average rent price in Pelham, AL 35124?