Zip 35124 (Pelham, AL) Housing

The housing market in 35124 Pelham, AL is currently booming as the median value of homes in the area is $298,200; this is significantly lower than the US House Median Value of $338,100. Furthermore, over the past year, house appreciation in Pelham has been 12.10% - considerably higher than the US 1 year House Appreciation of 8.27%. These figures suggest that Pelham is a great place for potential homeowners to invest in and could be an especially lucrative option for those looking for a good return on investment.

The median home cost in Pelham (zip 35124) is $298,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Pelham (zip 35124) is up 18.4%.

Average Age of Homes

- The median age of Pelham (zip 35124) real estate is 24 years old

The Rental Market in Pelham (zip 35124)

- Renters make up 15.8% of the Pelham (zip 35124) population
- 1.1% of houses and apartments in Pelham (zip 35124), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Pelham, Alabama	United States
	10,108.0	139,647,020.0
	25	42
	$298,200	$338,100
	18.4%	16.6%
	54.7%	57.0%
	73.2%	101.1%
	$5.59	$10.98
	$1,245	$2,690
	81.4%	57.4%
	3.5%	11.2%
	15.1%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.4%	0.4%
	0.1%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	1.3%	2.4%
	0.1%	2.8%
	0.1%	3.9%
	1.9%	4.5%
	16.3%	11.3%
	20.4%	13.0%
	26.8%	20.1%
	13.3%	13.6%
	7.9%	8.3%
	7.1%	9.7%
	1.6%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	27.8%	13.6%
	27.8%	13.6%
	25.2%	13.6%
	14.6%	13.2%
	16.9%	14.8%
	25.2%	13.6%
	1.6%	10.0%
	0.2%	4.7%
	0.6%	12.2%

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