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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,947, 2,249 total housing units (homes and apartments), and a median house value of $701,149, Pelham house prices are not only among the most expensive in New York, 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 53.52% of the village's housing units. Other types of housing that are prevalent in Pelham include duplexes, homes converted to apartments or other small apartment buildings ( 20.66%), large apartment complexes or high rise apartments ( 18.36%), and a few row houses and other attached homes ( 7.46%).
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 66.52% of Pelham's homes, and 45.41% have either three or four bedrooms, which is average sized relative to America.
The housing in Pelham was primarily built before 1939 ( 58.98%), making the housing stock in Pelham some of the oldest overall in America, although there is a range of ages of homes in Pelham. The next most important housing age is between 1940-1969 ( 24.96%), followed by between 1970-1999 ( 10.45%). There's also some housing in Pelham built between 2000 and later ( 5.61%).
Real estate appreciation rates in Pelham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.21% during the period.
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 2.23%, 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 0.70%, which equates to an annual appreciation rate of 2.81%.
Notably, Pelham's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Pelham's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
Value Range | |
---|---|
> $1,126,000 | 16.5 |
$844,001 - $1,126,000 | 24.4 |
$563,001 - $844,000 | 33.4 |
$450,001 - $563,000 | 14.5 |
$338,001 - $450,000 | 4.7 |
$225,001 - $338,000 | 1.4 |
$113,001 - $225,000 | 1.4 |
$56,001 - $113,000 | 0.6 |
$0 - $56,000 | 3.1 |
Value Relative to Nation | Value Relative to State |
---|---|
3.52700729927007 | 9.0 |
Homeownership | |
---|---|
Owners | 66.52 |
Renters | 33.48 |
Vacant | 7.83 |
AGE OF Pelham HOMES | |
---|---|
2000 or Newer | 5.6 |
1970 - 1999 | 10.5 |
1940 - 1969 | 25.0 |
1939 or Older | 59.0 |
TYPE OF Pelham HOMES | |
---|---|
Single-Family | 53.5 |
Townhomes | 7.5 |
Small Apt. Buildings | 20.7 |
Apt. Complexes | 18.4 |
Mobile Homes | 0.0 |
Other | 0.0 |
SIZE OF Pelham HOMES | |
---|---|
No Bedroom | 1.84 |
1 Bedroom | 11.15 |
2 Bedrooms | 24.92 |
3 Bedrooms | 26.31 |
4 Bedrooms | 19.10 |
5 or more bedrooms | 16.68 |