Columbus GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Columbus, GA 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Columbus Housing Market Information

With 194,160 people, 72,924 houses or apartments, and a median cost of homes of $140,515, house prices in Columbus are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Columbus, accounting for 0.00% of the city's housing units.

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 46.26% owning and 53.74% 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 1940-1969 ( 33.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.63%). There's also some housing in Columbus built before 1939 ( 5.55%).

Vacant housing appears to be an issue in Columbus. Fully 13.61% of the housing stock is classified as vacant. Left unchecked, vacant Columbus homes and apartments can be a drag on the real estate market, holding Columbus real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Columbus Home Appreciation Rates

Homes have actually lost value in Columbus over the last then years, as home values have seen a decline of 9.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Columbus home appreciation rates at 1.29%, which equates to an annual appreciation rate of 5.25%.

Over the last year, Columbus appreciation rates have trailed the rest of the nation. In the last twelve months, Columbus's appreciation rate has been 3.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbus were at 1.29%, which equates to an annual appreciation rate of 5.25%.

Relative to Georgia, our data show that Columbus's latest annual appreciation rate is lower than 90% 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 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:
$140,515

Columbus, GA HOME PRICES

Value Range
> $1,047,000 0.6
$785,001 - $1,047,000 0.5
$523,001 - $785,000 1.8
$419,001 - $523,000 1.3
$314,001 - $419,000 5.0
$210,001 - $314,000 14.2
$105,001 - $210,000 37.3
$52,001 - $105,000 28.0
$0 - $52,000 11.4

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
63.8014598540146 50.0

Number Of Homes And Apartments:
72,924

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
16.89% 0.78%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 46.26
Renters 53.74
Vacant 13.61

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 21.6
1970 - 1999 39.0
1940 - 1969 33.8
1939 or Older 5.5

Types of Homes

TYPE OF Columbus HOMES
Single-Family 0.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 1.64
1 Bedroom 11.35
2 Bedrooms 25.39
3 Bedrooms 43.75
4 Bedrooms 15.49
5 or more bedrooms 2.37