Pelham, TN is a great place to invest in real estate. According to the data, the median value of housing in Pelham is $180,800, which is significantly lower than the US median of $338,100. Additionally, homes located in Pelham have seen a larger appreciation rate than the national average in the last year at 13.88%, compared to only 8.27% nationally. This makes investing in real estate in Pelham a very wise decision as one can buy for less and benefit from higher appreciation potential.
The median home cost in Pelham is $180,800. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Pelham is up 22.8%.
Average Age of Homes
- The median age of Pelham real estate is 51 years old
The Rental Market in Pelham
- Renters make up 28.7% 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.