Median home value: $315K (+1.5% YoY). Rent: $1,636/mo. Price-to-rent: 16.1x. Part of Birmingham-Hoover, AL.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Birmingham-Hoover, AL metro page.
Home Value$315,120
+1.5%
Rent$1,636/mo
AFFORDABILITYRenting $183/mo cheaper ($1,636 rent)6.00% 30yr, 20% down, county tax + AL ins. 28% per HUD.
Enter your income for Pelham.
$63,024 on $315,120
Stretch — 29.1% of income
Above 28% but manageable with cuts.
PITI$1,819
P/I29.1%
Afford$303K
Gap-$12K
P&I $1,511Tax $108Ins $200
Home Buying Kit For Dummies (2025)Financing, negotiation, closing