Pelham, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pelham, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pelham Housing Market Information

With 3,708 people, 1,432 houses or apartments, and a median cost of homes of $69,343, house prices in Pelham are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Pelham, accounting for 69.94% of the city's housing units. Other types of housing that are prevalent in Pelham include duplexes, homes converted to apartments or other small apartment buildings ( 12.67%), large apartment complexes or high rise apartments ( 12.28%), and a few mobile homes or trailers ( 5.11%).

The most prevalent building size and type in Pelham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.24% owning and 52.76% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pelham's housing was primarily built during this period, from the '40s through the '60s. A full 55.85% of the city's housing hails from this era. Other housing ages represented in Pelham include homes built between 1970-1999 ( 27.47%) and housing constructed before 1939 ( 13.77%). There's also some housing in Pelham built between 2000 and later ( 2.91%).

Pelham Home Appreciation Rates

Pelham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pelham during the period has been just -1.43%, which is lower than 80% of US communities.

Over the last year, Pelham appreciation rates have trailed the rest of the nation. In the last twelve months, Pelham's appreciation rate has been 2.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pelham were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Pelham's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$69,343

Pelham, GA HOME PRICES

Value Range
> $1,050,000 1.3
$788,001 - $1,050,000 0.0
$525,001 - $788,000 0.0
$420,001 - $525,000 0.0
$315,001 - $420,000 1.4
$210,001 - $315,000 10.1
$105,001 - $210,000 22.4
$53,001 - $105,000 28.7
$0 - $53,000 36.1

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.5115434196648 90.2748414376321

Number Of Homes And Apartments:
1,432

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
19.50% 1.04% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$708 / per month

Homeownership Rate

Homeownership
Owners 47.24
Renters 52.76
Vacant 7.43

Housing Market Details

 

Age of Homes

AGE OF Pelham HOMES
2000 or Newer 2.9
1970 - 1999 27.5
1940 - 1969 55.9
1939 or Older 13.8

Types of Homes

TYPE OF Pelham HOMES
Single-Family 69.9
Townhomes 0.0
Small Apt. Buildings 12.7
Apt. Complexes 12.3
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Pelham HOMES
No Bedroom 4.46
1 Bedroom 13.70
2 Bedrooms 29.48
3 Bedrooms 44.47
4 Bedrooms 5.17
5 or more bedrooms 2.71

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Zip Codes in Pelham, GA