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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Columbus, IN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Columbus, IN Housing Market Trends

With 51,268 people, 21,194 houses or apartments, and a median cost of homes of $302,387, Columbus real estate is some of the most expensive in Indiana, although Columbus home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Columbus, accounting for 66.54% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 21.85%), duplexes, homes converted to apartments or other small apartment buildings ( 6.45%), and a few row houses and other attached homes ( 3.62%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.08% owning and 40.92% renting.

There is a lot of housing in Columbus 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 Columbus built between 2000 and later ( 27.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.59%). There's also some housing in Columbus built before 1939 ( 9.13%).

Columbus Home Appreciation Rates

Real estate appreciation rates in Columbus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.12% during the period.

Appreciation rates are so strong in Columbus that despite a nationwide downturn in the housing market, Columbus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbus appreciation rates continue to be some of the highest in America, at 8.02%, which is higher than appreciation rates in 86.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbus. Columbus appreciation rates in the latest quarter were at 4.39%, which equates to an annual appreciation rate of 18.74%.

Importantly, NeighborhoodScout’s exclusive research found that Columbus's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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 2000, to assist you in making the best Columbus real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$302,387

Columbus, IN Home Prices
> $1,335,000
$1,001,001 - $1,335,000
$668,001 - $1,001,000
$534,001 - $668,000
$400,001 - $534,000
$267,001 - $400,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
0.8%
0.8%
1.2%
1.2%
4.0%
4.0%
7.7%
7.7%
11.5%
11.5%
23.2%
23.2%
37.1%
37.1%
9.2%
9.2%
5.3%
5.3%
0% 100.0%
% of Homes
Very High

for Indiana

High

for nation

Number of Homes And Apartments:

21,194

Columbus Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,611 / per month

Homeownership Rate

Owners
Renters
59.1%
59.1%
40.9%
40.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.8%
27.8%
35.4%
35.4%
27.6%
27.6%
9.1%
9.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.5%
66.5%
3.6%
3.6%
6.5%
6.5%
21.8%
21.8%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
13.6%
13.6%
25.4%
25.4%
37.4%
37.4%
16.8%
16.8%
4.6%
4.6%
0% 100.0%
% of Homes