Foreclosure Homes in Pelham, AL 35124

Current Market Conditions in Pelham, AL

The real estate market in Pelham has shown steady growth over the past year, with increasing home values and a competitive buyer's market. Homes in the area are selling swiftly, reflecting the city's rising popularity among families and young professionals seeking suburban living while remaining close to Birmingham.

The demand for homes in Pelham remains high due to its favorable location and amenities. Listings are turning over quickly, and with the influx of new businesses and developments, market watchers expect continued appreciation of property values.

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.