Foreclosure Homes in Pelham, AL

Buyer vs Seller Market in Pelham, AL

The real estate market in Pelham remains competitive, with a growing demand for housing as more people seek the benefits of suburban living while remaining close to Birmingham. Home prices have shown steady appreciation, which indicates a healthy market for potential investors and buyers.

In recent months, the market has seen an increase in new construction projects, particularly for single-family homes, as developers capitalize on the area's growth potential. Properties are often receiving multiple offers, highlighting the desirability of this suburban community.

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.