The housing market in 27311 Pelham, NC is quite strong. The median value of a home in this area is $129,500, which is significantly lower than the US median house value of $338,100. However, the one year appreciation rate for houses in Pelham is 17.61%, much higher than the US average of 8.27%. This indicates that homeowners in the area are seeing their properties increase in value more quickly than most other parts of the country. This makes investing in real estate a sound decision and could make Pelham an attractive destination for potential buyers.
The median home cost in Pelham (zip 27311) is $129,500. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Pelham (zip 27311) is up 23.2%.
Average Age of Homes
- The median age of Pelham (zip 27311) real estate is 32 years old
The Rental Market in Pelham (zip 27311)
- Renters make up 18.3% of the Pelham (zip 27311) population
- 0.2% of houses and apartments in Pelham (zip 27311), 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.