Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 17,868, 6,299 total housing units (homes and apartments), and a median house value of $287,332, Calera real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Calera, accounting for 90.06% of the city's housing units. Other types of housing that are prevalent in Calera include row houses and other attached homes ( 3.93%), large apartment complexes or high rise apartments ( 2.29%), and a few mobile homes or trailers ( 2.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Calera. Owner-occupied housing accounts for 79.95% of Calera's homes, and 84.73% have either three or four bedrooms, which is average sized relative to America.
Calera homes and real estate are some of the newest in America. 77.56% of Calera's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Calera real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 15.50%), and between 1940-1969 ( 5.84%). There's also some housing in Calera built before 1939 ( 1.11%).
Appreciation rates for homes in Calera have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.29%, which ranks in the top 40% nationwide. This equates to an annual average Calera house appreciation rate of 7.03%.
NeighborhoodScout's data show that during the latest twelve months, Calera's appreciation rate, at 6.32%, has been at or slightly above the national average. In the latest quarter, Calera's appreciation rate has been 2.58%, which annualizes to a rate of 10.72%.
Relative to Alabama, our data show that Calera's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Calera differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Calera - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Calera real estate investment or home purchase decisions.
$287,332
for Alabama
for nation
6,299
$2,459 / per month