Pelham, Alabama Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Pelham, Alabama rental market.
Pelham, Alabama
Average Apartment Rent
$1,547
Y-o-Y Change in Average
Apartment Rent
8.3%
As of November 2024
Compared to a year ago, Pelham, Alabama apartments have recorded a 8.3% rent increase.
Pelham, Alabama Average apartment rent trend
Pelham, Alabama Average Apartment Rent
Pelham, Alabama Apartment rent ranges
At 52.84%, apartments priced $1,500 - $2,000 represent the bulk of Pelham, Alabama rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.41%.
Pelham, Alabama Housing tenure**
Renters take up 16% of Pelham, Alabama real estate, occupying a total of 1,408 units, while homeowners live in 7,436 properties.
Median number of rooms of renter-occupied housing units**
5.1
Renter median household income**
$56,481
Average household size of renter-occupied housing units**
2.72
Rental vacancy rate**
5.6%
Pelham, Alabama Renter-occupied housing units by no. of bedrooms**
There are 632 rentals in Pelham, Alabama with 3 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 34 units. Overall, the median number of rooms in Pelham, Alabama homes for rent is 5.1.
Pelham, Alabama Renter-occupied units by age of householder**
Most condos for rent in Pelham, Alabama are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Pelham, Alabama Renter-occupied housing units by family type**
Pelham, Alabama Renter-occupied housing units by the presence of own children**
A total of 813 apartments for rent in Pelham, Alabama, or 58% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 406 units. All in all, the median size of a renter-occupied household in Pelham, Alabama is 2.72.
Pelham, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Pelham, Alabama.
Pelham, Alabama Renter-occupied units by year structure built**
The highest share of Pelham, Alabama apartment rentals, namely 26% or 373 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (26%, 360 units), and the ones Built 2010 - 2019 (15%, 214 units).
Pelham, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Pelham, Alabama renters (45%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Pelham, Alabama condos for rent is 2017.
Pelham, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Pelham, Alabama renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 15% have 3 vehicles available.
Pelham, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Pelham, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Pelham, Alabama Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Pelham, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
