Pelham NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Pelham, NH 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Pelham Housing Market Information

With 14,049 people, 4,575 houses or apartments, and a median cost of homes of $412,136, Pelham house prices are not only among the most expensive in New Hampshire, Pelham real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Pelham, accounting for 83.52% of the town's housing units. Other types of housing that are prevalent in Pelham include duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), large apartment complexes or high rise apartments ( 4.79%), and a few row houses and other attached homes ( 4.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pelham. Owner-occupied housing accounts for 89.16% of Pelham's homes, and 70.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pelham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pelham built between 1940-1969 ( 23.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.63%). There's also some housing in Pelham built before 1939 ( 6.00%).

Pelham Home Appreciation Rates

Appreciation rates for homes in Pelham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 25.63%, which ranks in the top 50% nationwide. This equates to an annual average Pelham house appreciation rate of 2.31%.

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 3.05%, 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 1.33%, which equates to an annual appreciation rate of 5.41%.

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

Average Home Values

 

Median Home Value:
$412,136

Pelham, NH HOME PRICES

Value Range
> $1,232,000 1.3
$925,001 - $1,232,000 0.3
$616,001 - $925,000 6.0
$493,001 - $616,000 17.8
$370,001 - $493,000 37.5
$247,001 - $370,000 29.3
$123,001 - $247,000 6.6
$62,001 - $123,000 0.4
$0 - $62,000 0.9

Very High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
11.0131386861314 11.4649681528662

Number Of Homes And Apartments:
4,575

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
59.14% 2.38%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,589 / per month

Homeownership Rate

Homeownership
Owners 89.16
Renters 10.84
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Pelham HOMES
2000 or Newer 22.6
1970 - 1999 47.6
1940 - 1969 23.8
1939 or Older 6.0

Types of Homes

TYPE OF Pelham HOMES
Single-Family 83.5
Townhomes 4.4
Small Apt. Buildings 6.9
Apt. Complexes 4.8
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Pelham HOMES
No Bedroom 0.18
1 Bedroom 4.93
2 Bedrooms 19.91
3 Bedrooms 43.75
4 Bedrooms 27.23
5 or more bedrooms 3.99