The housing market in Pelham, NY is quite expensive with a median value of $1,013,500. This is considerably higher than the median value of homes in the United States which sits at $338,100. The appreciation of homes in both locations has been fairly similar over the last year with an 8.27% increase in the US and an 8.22% increase within Pelham. This suggests that although prices are much higher in Pelham it may be a good place to look for investment as the appreciation rates are similar to other areas.
The median home cost in Pelham is $1,013,500. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Pelham is up 10.8%.
Average Age of Homes
- The median age of Pelham real estate is 78 years old
The Rental Market in Pelham
- Renters make up 18.3% of the Pelham population
- 0.0% of houses and apartments in Pelham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.