Zip 37366 (Pelham, TN) Housing

The housing market in Pelham, TN (37366) is performing well compared to the US average. The median value of homes in the area is $185,700, which is significantly lower than the US median of $338,100. However, over the past year the appreciation rate for homes in Pelham has been 13.88%, which is higher than the US average of 8.27%. This indicates that home values in Pelham are appreciated faster than in other parts of the country and could provide an excellent opportunity for potential buyers or investors.

The median home cost in Pelham (zip 37366) is $185,700. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Pelham (zip 37366) is up 22.8%.

Average Age of Homes

- The median age of Pelham (zip 37366) real estate is 40 years old

The Rental Market in Pelham (zip 37366)

- Renters make up 37.0% of the Pelham (zip 37366) population
- 0.0% of houses and apartments in Pelham (zip 37366), 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, Tennessee	United States
	510.0	139,647,020.0
	43	42
	$185,700	$338,100
	22.8%	16.6%
	73.7%	57.0%
	99.2%	101.1%
	$4.78	$10.98
	$571	$2,690
	72.2%	57.4%
	16.7%	11.2%
	11.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.7%	0.7%
	0.0%	0.4%
	3.5%	3.6%
	10.4%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	4.6%	2.4%
	11.7%	2.8%
	21.7%	3.9%
	5.2%	4.5%
	11.4%	11.3%
	12.2%	13.0%
	10.6%	20.1%
	13.9%	13.6%
	1.6%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.9%	13.6%
	13.9%	13.6%
	14.3%	13.6%
	10.8%	13.2%
	23.9%	14.8%
	14.3%	13.6%
	1.4%	10.0%
	8.8%	4.7%
	6.7%	12.2%

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