The story of this market
The typical home in ZIP 35124 sells for about $364,000, or $147 per square foot.
Prices are down 12.43% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,577 a month.
ZIP 35124 — Pelham
The Pelham housing market shows a median sales price of $364,000 with stable conditions compared to the previous quarter. While listing prices have seen some year-over-year decline, the market remains active with a sale-to-list ratio of 98.4%.
This ZIP is well-suited for family buyers and commuters seeking suburban housing with access to local schools and proximity to the Birmingham metro area.
Median prices moved down 12.4% year over year.
Homes spend a median of 64 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 6.9% — a stable, low-distress profile.
ZCTA 35124, Shelby County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Pelham City School District, which operates local elementary, middle, and high schools including Pelham High School.
Pelham serves as a residential and commercial hub in Shelby County with ongoing development in suburban housing and local retail infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Residents typically commute via I-65 toward the Birmingham employment core.
The area features access to local parks and suburban shopping districts within the Pelham city limits.
The rental market includes a mix of single-family homes and apartment complexes with a renter share of approximately 16%.
The local economy is driven by a mix of retail, services, and suburban commercial activity, with many residents commuting to the broader Birmingham-Hoover metropolitan area.
The area is primarily served by I-65, providing a direct corridor for commuters traveling north to Birmingham.
Data sourced from City-Data and ACS profiles; specific census metrics not fully available.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major local recreational facility serving the community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).