Columbiana, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbiana Neighborhoods Since 2000




Columbiana, AL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Columbiana Housing Market Information

With a population of 4,168, 1,354 total housing units (homes and apartments), and a median house value of $151,483, Columbiana 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 Columbiana, accounting for 63.34% of the city's housing units. Other types of housing that are prevalent in Columbiana include large apartment complexes or high rise apartments ( 22.18%), duplexes, homes converted to apartments or other small apartment buildings ( 8.33%), and a few mobile homes or trailers ( 6.14%).

The most prevalent building size and type in Columbiana are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.49% owning and 52.51% renting.

There is a lot of housing in Columbiana 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 Columbiana built between 1940-1969 ( 22.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.33%). There's also some housing in Columbiana built before 1939 ( 7.51%).

Columbiana Home Appreciation Rates

Columbiana's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbiana during the period has been just -0.88%, which is lower than 70% of US communities.

Appreciation rates are so strong in Columbiana that despite a nationwide downturn in the housing market, Columbiana real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbiana appreciation rates continue to be some of the highest in America, at 5.79%, which is higher than appreciation rates in 72.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbiana. Columbiana appreciation rates in the latest quarter were at 0.16%, which equates to an annual appreciation rate of 0.62%.

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

Average Home Values

 

Median Home Value:
$151,483

Columbiana, AL HOME PRICES

Value Range
> $1,068,000 0.4
$801,001 - $1,068,000 0.8
$534,001 - $801,000 1.4
$427,001 - $534,000 1.4
$321,001 - $427,000 6.7
$214,001 - $321,000 22.4
$107,001 - $214,000 39.0
$53,001 - $107,000 18.3
$0 - $53,000 9.7

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
49.343724364233 16.0

Number Of Homes And Apartments:
1,354

Columbiana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
14.80% 0.80% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 47.49
Renters 52.51
Vacant 7.58

Housing Market Details

 

Age of Homes

AGE OF Columbiana HOMES
2000 or Newer 14.3
1970 - 1999 56.1
1940 - 1969 22.0
1939 or Older 7.5

Types of Homes

TYPE OF Columbiana HOMES
Single-Family 63.3
Townhomes 0.0
Small Apt. Buildings 8.3
Apt. Complexes 22.2
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Columbiana HOMES
No Bedroom 0.00
1 Bedroom 9.42
2 Bedrooms 21.37
3 Bedrooms 55.15
4 Bedrooms 9.90
5 or more bedrooms 4.16

Popular Neighborhoods in Columbiana

Zip Codes in Columbiana, AL