Pelham, NY Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Pelham, NY Housing Market Trends

With 6,947 people, 2,285 houses or apartments, and a median cost of homes of $683,686, 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 53.58% of the village's housing units. Other types of housing that are prevalent in Pelham include large apartment complexes or high rise apartments ( 19.51%), duplexes, homes converted to apartments or other small apartment buildings ( 18.78%), and a few row houses and other attached homes ( 8.13%).

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 67.93% of Pelham's homes, and 50.08% have either three or four bedrooms, which is average sized relative to America.

The housing in Pelham was primarily built before 1939 ( 60.08%), 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 ( 27.32%), followed by between 1970-1999 ( 10.00%). There's also some housing in Pelham built between 2000 and later ( 2.60%).

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 2.33% 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 4.07%, 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 1.66%, which equates to an annual appreciation rate of 6.82%.

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

Average Home Values

 

Median Home Value:
$683,686

Pelham, NY HOME PRICES

> $1,092,000
18.6%
18.6%
$819,001 - $1,092,000
22.0%
22.0%
$546,001 - $819,000
37.7%
37.7%
$437,001 - $546,000
11.6%
11.6%
$328,001 - $437,000
5.0%
5.0%
$218,001 - $328,000
0.4%
0.4%
$109,001 - $218,000
1.3%
1.3%
$54,001 - $109,000
0.7%
0.7%
$0 - $54,000
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
2,285

Pelham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
107.87% 3.55%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,062 / per month

Homeownership Rate

Owners
67.9%
67.9%
Renters
32.1%
32.1%
Vacant
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.6%
2.6%
1970 - 1999
10.0%
10.0%
1940 - 1969
27.3%
27.3%
1939 or Older
60.1%
60.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.6%
53.6%
Townhomes
8.1%
8.1%
Small Apt. Buildings
18.8%
18.8%
Apt. Complexes
19.5%
19.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
12.0%
12.0%
2 Bedrooms
20.2%
20.2%
3 Bedrooms
29.6%
29.6%
4 Bedrooms
20.5%
20.5%
5 or more bedrooms
15.8%
15.8%
0.0% 100.0%
% OF HOMES