Columbus appreciation rates and housing market information

Columbus housing market information

With 711,644 people, 327,429 houses or apartments, and a median cost of homes of $146,073, 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 46.56% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments (29.07%), duplexes, homes converted to apartments, or other small apartment buildings (15.53%), row houses and other attached homes (8.01%), and a few mobile homes or trailers (0.81%).

People in Columbus primarily live in small (one, two, or no bedroom) single-family detached homes. Columbus has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Columbus 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 Columbus built from 1940-1969 (35.23%). A lesser amount of the housing stock also hails from 1939 and earlier (14.07%), and some were built from 1995 and later (14.07%).

Columbus home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Columbus, where house values have increased just 36.26%, which is an average annual increase of 3.62%. NeighborhoodScout's data show that in the latest quarter, Columbus house values appreciated 1.14%, which is an annualized rate of 4.56%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Columbus home appreciation rates, at 0.00%, have been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 1.14%, which annualizes to a rate of 4.56%.

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

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 1990, to assist you in making the best Columbus real estate investment or home purchase decisions.