1031 Exchange Calera, Alabama


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

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