Pelham, AL has a population of 22,941, while the median age is 38. The household income in Pelham, AL is around $74,295. The homeownership rate among the residents is 82%. The median residential property value in Pelham, AL that you should keep in mind is $175,300.
Population | 22,941 |
Median Age | 38.4 |
Poverty Rate | 5% |
Household Income | $74,295 |
Number Of Employees | 12,530 |
Median Property Value | $175,300 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,440 | N/A |
2-bed apartments | $3,686 | -8.3% |
3-bed apartments | $3,021 | +39.7% |
4+ bed apartments | $7,920 | -2.2% |
Over the May 2023, the average rent for an apartment in/near Pelham, AL decreased by 5.7% to $3,685.
The average price for a rental studio in Pelham, AL has remained the same as last month and equals $1,440. Breaking it down in details, we now see that the average price for 1-bed apartment stands at $550 with no changes this month. Pricing for 2-bed apartment also decreased by 8.3% and a place of this size will now cost you $3,686. 3-bed apartment rent pricing starts at $3,021, it increased by 39.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 2.2% and made it down to $7,920.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,006 | -8.7% |
Apartments for rent | $1,440 | N/A |
Looking at the median rent price for an apartment in Pelham, AL, you can note that it remains flat with a price tag of $1,440. Statistics show that house rent price decreased by 8.7% this month making it up to $4,006. If you’re looking for a room, the price tag still starts at $550. The median price did not change this time.