Home prices
The median home in Pelham costs $189,000. This is about $49,200 (20%) lower in comparison to the surrounding areas.Compared to the nation as a whole it is about $28,500 (13%) lower, and it is roughly $97,900 (107%) higher compared to the city of Birmingham.
Rents
Pelham's median rent is $1,119 a month. Compared to its surrounding areas this is about $162 (12%) lower.It is roughly $57 (5%) higher compared to the nation as a whole, and in comparison to the city of Birmingham it is about $282 (33%) higher.
Nearby places
Hoover
Hoover is Pelham's neighbor to the northwest. The housing prices there are a lot more expensive. The median home in Hoover costs $291,000, which is $102,000 (35%) higher than Pelham. Rents there are fairly similar. The median monthly rent in Hoover is $1,123, which is very similar to Pelham.
Helena
Helena is Pelham's neighbor to the west. Real estate prices there are pretty similar. The median home cost in Helena is $195,100, which comes out to $6,100 (3%) higher than Pelham. Its rents are a little more expensive. In Helena the median rent is $1,341 per month, which works out to $222 (16%) higher than Pelham.
Chelsea
Chelsea is Pelham's neighbor to the east. The real estate prices there are a little more expensive. The median home in Chelsea is valued at $232,700, which is $43,700 (18%) higher than Pelham. Rent there is a bit more expensive. Chelsea's median monthly rent is $1,448, which is $329 (22%) higher than Pelham.
Alabaster
Alabaster is Pelham's neighbor to the southwest. The housing prices there are a little less expensive. The median home in Alabaster is valued at $173,000, which is $16,000 (9%) lower than Pelham. Its rents are fairly similar. In Alabaster the median rent is $1,088 per month, which works out to $31 (2%) lower than Pelham.
Meadowbrook
Meadowbrook is approximately 6 miles northeast from Pelham. The real estate prices there are substantially more expensive. The cost of the median home in Meadowbrook is $299,200, which is $110,200 (36%) higher than Pelham. Rents there are a little more expensive. The median rent in Meadowbrook is $1,406 per month, which works out to $287 (20%) higher than Pelham.
