Quick facts: Pelham, TN

Quick Facts

99.5
Cost of Living
below US average
419
Population
23.87
Crime Rate per 1000
above US average
$53,676
Median Income
below US average
$359,999
Median House Price
above US average
$1602
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,676.

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Income Needed to Buy

βœ— Stretch
$113k/year
Based on $359,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $113k vs median $53,676
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1602/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $53,676
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pelham, TN

Pelham, Tennessee, is a small, charming town located in Grundy County, nestled in the beautiful landscapes of the Sequatchie Valley. With a population of just over 1,000 residents, Pelham offers a tight-knit community atmosphere where neighbors know each other and local events bring people together. The town is situated near the stunning Cumberland Plateau, making it an ideal spot for outdoor enthusiasts. Residents and visitors can enjoy a variety of recreational activities such as hiking, fishing, and camping in nearby parks and natural areas. One notable attraction is the South Cumberland State Park, which features gorgeous waterfalls, scenic overlooks, and miles of hiking trails. Pelham is also known for its unique local businesses and eateries, providing a taste of Southern hospitality. While it remains a quiet and peaceful town, Pelham is conveniently located near larger cities like Manchester, which offers additional shopping and dining options. Overall, Pelham is a welcoming community with a rich natural environment and a strong sense of local pride, making it a hidden gem in Tennessee.

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