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Cheap Homes in Pelham, TN

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Pelham, TN Foreclosures

Current Market Conditions in in Pelham, TN As of April 2026?
Over the past month, Pelham has seen a modest increase in housing prices, reflecting a growing trend of homebuyers relocating from urban areas to smaller towns for a more peaceful living environment. The number of active listings has slightly decreased, resulting in a more competitive market, which has led to quicker sales and increased interest in available properties.
How much do homes sell for in Pelham, TN?
The average home price is currently $280,803.
What’s the average rental cost in Pelham, TN?
The average rental price in Pelham is $1,014.
What is the most expensive home in Pelham?
The most expensive home sold in Pelham had a price of $2,156,284.
What is currently the cheapest priced home in Pelham, TN?
The cheapest home for sale in Pelham is priced at $7,807.

Living in Pelham, TN

Pelham, Tennessee, is a charming small town nestled in the scenic beauty of the Cumberland Mountains. Known for its friendly community and lush landscapes, Pelham offers a peaceful lifestyle with a blend of outdoor activities and local amenities. With its proximity to larger cities, residents enjoy both tranquility and access to urban conveniences.

Buyer vs Seller Market in Pelham, TN

The real estate market in Pelham is currently experiencing steady growth, with a notable increase in interest from homebuyers seeking a quieter lifestyle. Properties are moving faster than in previous years, indicating a strong demand for housing.

Investors are looking closely at Pelham due to its affordable prices compared to neighboring areas and the quality of life it offers. The combination of natural beauty, community events, and family-friendly amenities contributes to a positive outlook for property values.

Home Value Estimator For Pelham, TN

There are currently 491 real estate properties in Pelham, TN, with a median automated valuation model (AVM) price of $221,503.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelham, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pelham, TN, is $280,803.00, with the most expensive house in Pelham, TN, topping out at $2,156,284.00 and the cheapest home in Pelham, TN, clocking in at $7,807.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelham, TN!

Rent Prices In Pelham, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelham, TN, is on a rollercoaster ride. The average rent price in Pelham, TN, is $1,014.00. Indeed, when looking to rent in Pelham, TN, you can expect to pay as little as $580.00 or as much as $2,100.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Pelham, TN -- 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.

Cheap Homes in Pelham, TN

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