Real Estate Prices and Overview
Caledonia median real estate prices are $363,848, which is more expensive than 80.5% of the neighborhoods
in Washington and 84.5% of the
neighborhoods in the U.S.
Average rental prices in Caledonia are currently
$1,689, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.0%
of the neighborhoods in Washington.
Caledonia is a suburban neighborhood (based on population
density) located in Tacoma, Washington.
Caledonia real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Caledonia neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Caledonia, the current vacancy rate is 3.6%,
which is a lower rate of vacancies than 84.3% of all neighborhoods
in the U.S. This means that the housing supply in Caledonia
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Tacoma,
the Caledonia neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Caledonia neighborhood has more
Swedish and Finnish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.6% of
this neighborhood's residents have Swedish ancestry and 0.7% have Finnish ancestry.
Caledonia is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily
speak Korean at home. While this may seem like a small percentage, it is higher
than 97.6% of the neighborhoods in America.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 4.0% of America's neighborhoods are wealthier than the
Caledonia neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Caledonia stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.8% of the residential real estate here was built in this one time period.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Caledonia neighborhood in Tacoma are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 96.0% of the neighborhoods in America.
In addition, 0.7% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 88.8%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Caledonia neighborhood, 53.3%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(13.8%), and 12.4% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Caledonia neighborhood in Tacoma, WA, residents
most commonly identify their ethnicity or ancestry as German
(15.9%). There are also a number of people of Asian ancestry (11.6%) , and residents who report English roots (8.9%) , and some of the residents are also of Irish ancestry (4.4%) , along with some Norwegian ancestry residents (4.3%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Caledonia
neighborhood is English, spoken by 88.0% of households. Other important languages spoken here include Korean and Chinese.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Caledonia neighborhood spend
between 15 and 30 minutes commuting one-way to work (37.2% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (84.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.4%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.