Rent, population, and median household income are important factors to consider for a 1031 exchange in Calera due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Calera, Alabama is a part of the North Birmingham submarket area, and contains zip code 35040.
Calera Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Calera, AL submarket area was $1,020, which is 17.65% higher than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Calera, AL was 4.90%.
The total population of the city of Calera, AL has grown 23.75% since 2010. As of 2018, the population was 14,380. The median household income of the Calera was $64,325, which is 6.69% higher than the national average.
- submarket area North Birmingham
- avg rent $1,020
- rent growth 17.65%
- vacancy 4.90%
- median income $64,325
- population (2018) 14,380
- population growth 23.75%
- vs. nat'l avg 6.69%
- zip code 35040
