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
With a population of 1,185, 540 total housing units (homes and apartments), and a median house value of $205,625, Callahan real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Callahan, accounting for 50.33% of the town's housing units. Other types of housing that are prevalent in Callahan include duplexes, homes converted to apartments or other small apartment buildings ( 20.36%), large apartment complexes or high rise apartments ( 17.22%), and a few mobile homes or trailers ( 9.44%).
People in Callahan primarily live in small (one, two or no bedroom) single-family detached homes. Callahan has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Callahan built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Callahan built between 2000 and later ( 31.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.28%). There's also some housing in Callahan built before 1939 ( 7.45%).
Vacant housing appears to be an issue in Callahan. Fully 10.60% of the housing stock is classified as vacant. Left unchecked, vacant Callahan homes and apartments can be a drag on the real estate market, holding Callahan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Callahan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.76% during the period.
Appreciation rates are so strong in Callahan that despite a nationwide downturn in the housing market, Callahan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Callahan appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 93.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Callahan. Callahan appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.
Importantly, this makes Callahan one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Callahan's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
|$943,001 - $1,258,000||0.1|
|$629,001 - $943,000||1.7|
|$503,001 - $629,000||1.2|
|$377,001 - $503,000||2.5|
|$251,001 - $377,000||27.9|
|$126,001 - $251,000||37.9|
|$63,001 - $126,000||19.6|
|$0 - $63,000||9.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Callahan HOMES|
|2000 or Newer||32.0|
|1970 - 1999||52.3|
|1940 - 1969||8.3|
|1939 or Older||7.5|
|TYPE OF Callahan HOMES|
|Small Apt. Buildings||20.4|
|SIZE OF Callahan HOMES|
|5 or more bedrooms||1.16|