Calera, AL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Calera, AL Housing Market Trends

With a population of 16,494, 5,257 total housing units (homes and apartments), and a median house value of $217,617, 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 88.14% of the city's housing units. Other types of housing that are prevalent in Calera include duplexes, homes converted to apartments or other small apartment buildings ( 4.19%), row houses and other attached homes ( 3.26%), and a few large apartment complexes or high rise apartments ( 2.61%).

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 81.24% of Calera's homes, and 82.22% 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. 76.64% 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 ( 16.75%), and between 1940-1969 ( 5.23%). There's also some housing in Calera built before 1939 ( 1.38%).

Calera Home Appreciation Rates

Real estate appreciation rates in Calera's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.64% during the period.

Over the last year, Calera appreciation rates have trailed the rest of the nation. In the last twelve months, Calera's appreciation rate has been 16.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Calera were at 6.07%, which equates to an annual appreciation rate of 26.58%.

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.

Average Home Values

 

Median Home Value:
$217,617

Calera, AL HOME PRICES

> $1,320,000
$990,001 - $1,320,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
0.0%
0.0%
0.9%
0.9%
1.7%
1.7%
1.9%
1.9%
19.8%
19.8%
65.4%
65.4%
6.5%
6.5%
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
5,257

Calera Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
68.03% 2.39%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,693 / per month

Homeownership Rate

Owners
Renters
Vacant
81.2%
81.2%
18.8%
18.8%
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
76.6%
76.6%
16.7%
16.7%
5.2%
5.2%
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
88.1%
88.1%
3.3%
3.3%
4.2%
4.2%
2.6%
2.6%
1.8%
1.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
0.3%
0.3%
14.4%
14.4%
66.2%
66.2%
16.0%
16.0%
2.1%
2.1%
0.0% 100.0%
% OF HOMES