Pelham, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pelham Neighborhoods Since 2000




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 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 a population of 7,048, 2,179 total housing units (homes and apartments), and a median house value of $682,465, 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 58.03% 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 ( 19.83%), large apartment complexes or high rise apartments ( 16.26%), and a few row houses and other attached homes ( 5.88%).

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 68.30% of Pelham's homes, and 50.13% have either three or four bedrooms, which is average sized relative to America.

The housing in Pelham was primarily built before 1939 ( 61.13%), 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 ( 27.52%), followed by between 1970-1999 ( 6.30%). There's also some housing in Pelham built between 2000 and later ( 5.04%).

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 8.60%, which ranks in the top 40% nationwide. This equates to an annual average Pelham house appreciation rate of 0.83%.

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 7.59%, which is higher than appreciation rates in 84.64% 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Pelham's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$682,465

Pelham, NY HOME PRICES

Value Range
> $1,172,000 15.2
$879,001 - $1,172,000 22.0
$586,001 - $879,000 29.8
$469,001 - $586,000 18.2
$352,001 - $469,000 10.8
$234,001 - $352,000 1.0
$117,001 - $234,000 0.0
$59,001 - $117,000 2.2
$0 - $59,000 1.0

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
2.84776749091761 8.08080808080808

Number Of Homes And Apartments:
2,179

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
87.30% 3.70% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,446 / per month

Homeownership Rate

Homeownership
Owners 68.30
Renters 31.70
Vacant 8.45

Housing Market Details

 

Age of Homes

AGE OF Pelham HOMES
2000 or Newer 5.0
1970 - 1999 6.3
1940 - 1969 27.5
1939 or Older 61.1

Types of Homes

TYPE OF Pelham HOMES
Single-Family 58.0
Townhomes 5.9
Small Apt. Buildings 19.8
Apt. Complexes 16.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pelham HOMES
No Bedroom 2.65
1 Bedroom 11.47
2 Bedrooms 19.03
3 Bedrooms 30.88
4 Bedrooms 19.24
5 or more bedrooms 16.72