Columbus appreciation rates and housing market information

Columbus housing market information

With a population of 185,797, 75,938 total housing units (homes and apartments), and a median house value of $147,297, Columbus 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 Columbus, accounting for 65.52% of the town's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments (17.40%), duplexes, homes converted to apartments, or other small apartment buildings (10.23%), mobile homes or trailers (3.77%), and a few row houses and other attached homes (3.09%).

The most prevalent building size and type in Columbus are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 51.71% owning, and 39.94% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Columbus's housing was primarily built during this period, from the '40s through the '60s. A full 44.64% of the town's housing hails from this era. Other housing ages represented in Columbus include homes built between 1970-1994 (39.98%), and housing constructed from 1995 and later (8.18%). There's also some housing in Columbus built between 1939 and earlier (7.20%).

Columbus home appreciation rates

Real estate appreciation rates in Columbus have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Columbus home appreciation rates, at -0.02%, have been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 1.45%, which annualizes to a rate of 5.80%.

Relative to Georgia, our data show that Columbus's latest annual appreciation rate is higher than 32% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Columbus real estate investment or home purchase decisions.