Foreclosure Homes in Pelham, AL

Current Market Conditions in Pelham, AL

The real estate market in Pelham has seen a steady increase in home values, propelled by demand for suburban living among families seeking proximity to Birmingham. The market has maintained a balanced level of inventory, making it an attractive location for buyers and investors. Recent trends indicate rising interest in single-family homes with larger lots, as buyers prioritize outdoor space.

Pelham's housing market remains competitive with a variety of homes available in different price ranges. The influx of new residents seeking affordable yet spacious homes has driven a demand that holds promise for future growth.

Rent Prices In Pelham, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelham, AL, is on a rollercoaster ride. The average rent price in Pelham, AL, is $1,440.00. Indeed, when looking to rent in Pelham, AL, you can expect to pay as little as $610.00 or as much as $3,740.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Pelham, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.