Pelham NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Pelham, NY 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pelham Housing Market Information

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%).

Pelham Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$701,149

Pelham, NY HOME PRICES

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

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.52700729927007 9.0

Number Of Homes And Apartments:
2,249

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
104.09% 3.50%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,811 / per month

Homeownership Rate

Homeownership
Owners 66.52
Renters 33.48
Vacant 7.83

Housing Market Details

 

Age of Homes

AGE OF Pelham HOMES
2000 or Newer 5.6
1970 - 1999 10.5
1940 - 1969 25.0
1939 or Older 59.0

Types of Homes

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

Home Size

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