Columbia appreciation rates and housing market information

Columbia housing market information

With 84,780 people, 35,963 houses or apartments, and a median cost of homes of $179,731, Columbia real estate is some of the most expensive in Missouri, although Columbia home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Columbia, accounting for 47.93% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments (23.39%), duplexes, homes converted to apartments, or other small apartment buildings (18.87%), row houses and other attached homes (4.97%), and a few mobile homes or trailers (4.83%).

The most prevalent building size and type in Columbia are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 44.28% owning, and 49.57% renting.

There is a lot of housing in Columbia built from 1970-1994, 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 Columbia built from 1940-1969 (30.04%). A lesser amount of the housing stock also hails from 1995 and later (15.82%), and some were built from 1939 and earlier (15.82%).

Columbia home appreciation rates

Real estate appreciation rates in Columbia have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.30% during the period.

NeighborhoodScout's data show that during the latest twelve months, Columbia home appreciation rates, at 1.66%, have been at or slightly above the national average. In the latest quarter, Columbia's appreciation rate has been 0.16%, which annualizes to a rate of 0.64%.

Relative to Missouri, our data show that Columbia's latest annual appreciation rate is higher than 26% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia - 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 Columbia real estate investment or home purchase decisions.