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 15,161, 5,297 total housing units (homes and apartments), and a median house value of $155,549, Callaway 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 Callaway, accounting for 62.84% of the city's housing units. Other types of housing that are prevalent in Callaway include mobile homes or trailers ( 15.18%), duplexes, homes converted to apartments or other small apartment buildings ( 12.66%), and a few large apartment complexes or high rise apartments ( 7.72%).
The most prevalent building size and type in Callaway are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.26% owning and 39.74% renting.
There is a lot of housing in Callaway 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 Callaway built between 1940-1969 ( 14.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.47%).
Vacant housing appears to be an issue in Callaway. Fully 19.52% of the housing stock is classified as vacant. Left unchecked, vacant Callaway homes and apartments can be a drag on the real estate market, holding Callaway 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.
Homes have actually lost value in Callaway over the last then years, as home values have seen a decline of 24.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Callaway home appreciation rates at -1.38%, which equates to an annual appreciation rate of -5.42%.
NeighborhoodScout's data show that during the latest twelve months, Callaway's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Callaway's appreciation rate has been -1.38%, which annualizes to a rate of -5.42%.
Notably, Callaway's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Callaway's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
|$859,001 - $1,145,000||0.0|
|$573,001 - $859,000||0.1|
|$458,001 - $573,000||1.1|
|$343,001 - $458,000||2.9|
|$229,001 - $343,000||14.5|
|$115,001 - $229,000||50.8|
|$57,001 - $115,000||21.4|
|$0 - $57,000||8.6|
|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 Callaway HOMES|
|2000 or Newer||7.5|
|1970 - 1999||77.8|
|1940 - 1969||14.6|
|1939 or Older||0.2|
|TYPE OF Callaway HOMES|
|Small Apt. Buildings||12.7|
|SIZE OF Callaway HOMES|
|5 or more bedrooms||0.46|