Callaway, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Callaway Neighborhoods Since 2000




Callaway, FL Real Estate Data


Callaway Housing Market Information

With a population of 15,161, 5,159 total housing units (homes and apartments), and a median house value of $149,715, 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 61.98% of the city's housing units. Other types of housing that are prevalent in Callaway include mobile homes or trailers ( 16.67%), duplexes, homes converted to apartments or other small apartment buildings ( 10.15%), and a few large apartment complexes or high rise apartments ( 9.86%).

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 61.98% owning and 38.02% 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 ( 14.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.62%).

Vacant housing appears to be an issue in Callaway. Fully 21.83% 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.

Callaway Home Appreciation Rates

Homes have actually lost value in Callaway over the last then years, as home values have seen a decline of 25.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Callaway home appreciation rates at 3.25%, which equates to an annual appreciation rate of 13.64%.

NeighborhoodScout's data show that during the latest twelve months, Callaway's appreciation rate, at 5.33%, has been at or slightly above the national average. In the latest quarter, Callaway's appreciation rate has been 3.25%, which annualizes to a rate of 13.64%.

Importantly, this makes Callaway one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Callaway's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$149,715

Callaway, FL HOME PRICES

Value Range
> $1,121,000 1.2
$841,001 - $1,121,000 0.0
$561,001 - $841,000 0.1
$448,001 - $561,000 1.0
$336,001 - $448,000 2.0
$224,001 - $336,000 14.5
$112,001 - $224,000 49.9
$56,001 - $112,000 21.6
$0 - $56,000 9.7

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
50.9047256543889 69.8717948717949

Number Of Homes And Apartments:
5,159

Rent & Ownership

 

Average Market Rent:
$1,126 / per month

Homeownership Rate

Homeownership
Owners 61.98
Renters 38.02
Vacant 21.83

Housing Market Details

 

Age of Homes

AGE OF Callaway HOMES
2000 or Newer 7.6
1970 - 1999 77.9
1940 - 1969 14.3
1939 or Older 0.2

Types of Homes

TYPE OF Callaway HOMES
Single-Family 62.0
Townhomes 1.3
Small Apt. Buildings 10.2
Apt. Complexes 9.9
Mobile Homes 16.7
Other 0.0

Home Size

SIZE OF Callaway HOMES
No Bedroom 0.71
1 Bedroom 3.85
2 Bedrooms 28.67
3 Bedrooms 53.74
4 Bedrooms 12.03
5 or more bedrooms 1.00

Callaway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.28% 1.79% 1 4
* 10 is highest