Pelham, AL Real Estate
According to census data in the year 2000 there were 5,880 housing units in Pelham.
This represents a 56.5% growth from 3,758 in 1990.
Of those housing units, 4,896 were located in either urbanized areas or urban clusters, and 984 were located in what is classified as a rural area.
Homeownership rate in Pelham is about 87.8%.
Pelham's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Pelham were built after 1989.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 2.30% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 50.60% |
| Four Bedrooms | 20.10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1990 |
| Median Value of occupied units | $127,800 |
| Median Price asked for vacant units | $96,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 63.30% |
| Debt Free | 15.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
