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 7,192 people, 2,244 houses or apartments, and a median cost of homes of $902,066, 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 53.63% of the village's housing units. Other types of housing that are prevalent in Pelham include large apartment complexes or high rise apartments ( 21.96%), duplexes, homes converted to apartments or other small apartment buildings ( 18.09%), and a few row houses and other attached homes ( 6.32%).
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 70.66% of Pelham's homes, and 54.83% have either three or four bedrooms, which is average sized relative to America.
The housing in Pelham was primarily built before 1939 ( 65.71%), 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 ( 23.64%), followed by between 1970-1999 ( 6.53%). There's also some housing in Pelham built between 2000 and later ( 4.13%).
Pelham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pelham during the period has been just 4.62%, which is lower than 80% of US communities.
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 6.07%, 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 3.24%, which equates to an annual appreciation rate of 13.60%.
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.
$902,066
for New york
for nation
2,244
$4,376 / per month