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 Q2 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 7,016 people, 2,269 houses or apartments, and a median cost of homes of $718,732, 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 57.77% 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 ( 19.18%), large apartment complexes or high rise apartments ( 16.89%), and a few row houses and other attached homes ( 6.16%).

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 67.35% of Pelham's homes, and 49.82% have either three or four bedrooms, which is average sized relative to America.

The housing in Pelham was primarily built before 1939 ( 59.36%), 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 ( 26.52%), followed by between 1970-1999 ( 9.47%). There's also some housing in Pelham built between 2000 and later ( 4.65%).

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 23.75%, which ranks in the top 40% nationwide. This equates to an annual average Pelham house appreciation rate of 2.15%.

Appreciation rates are so strong in Pelham that despite a nationwide downturn in the housing market, Pelham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pelham appreciation rates continue to be some of the highest in America, at 4.81%, which is higher than appreciation rates in 71.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pelham. Pelham appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.63%.

Relative to New York, our data show that Pelham's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$718,732

Pelham, NY HOME PRICES

Value Range
> $1,213,000 17.5
$909,001 - $1,213,000 20.6
$606,001 - $909,000 31.0
$485,001 - $606,000 18.2
$364,001 - $485,000 8.0
$243,001 - $364,000 0.8
$121,001 - $243,000 1.3
$60,001 - $121,000 0.6
$0 - $60,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.07153284671533 8.88888888888889

Number Of Homes And Apartments:
2,269

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
106.38% 3.79%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,779 / per month

Homeownership Rate

Homeownership
Owners 67.35
Renters 32.65
Vacant 7.43

Housing Market Details

 

Age of Homes

AGE OF Pelham HOMES
2000 or Newer 4.7
1970 - 1999 9.5
1940 - 1969 26.5
1939 or Older 59.4

Types of Homes

TYPE OF Pelham HOMES
Single-Family 57.8
Townhomes 6.2
Small Apt. Buildings 19.2
Apt. Complexes 16.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pelham HOMES
No Bedroom 2.16
1 Bedroom 10.73
2 Bedrooms 20.73
3 Bedrooms 29.25
4 Bedrooms 20.56
5 or more bedrooms 16.56