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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 195,769 people, 72,924 houses or apartments, and a median cost of homes of $155,236, 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.
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 1.18%, which is annualized rate of 0.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
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 8.80%, which is higher than appreciation rates in 98.29% 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 3.84%, which equates to an annual appreciation rate of 16.25%.
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 Georgia, our data show that Columbus's latest annual appreciation rate is higher 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.
|$868,001 - $1,157,000||0.5|
|$579,001 - $868,000||1.8|
|$463,001 - $579,000||1.3|
|$347,001 - $463,000||5.0|
|$231,001 - $347,000||14.2|
|$116,001 - $231,000||37.3|
|$58,001 - $116,000||28.0|
|$0 - $58,000||11.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Columbus HOMES|
|2000 or Newer||21.6|
|1970 - 1999||39.0|
|1940 - 1969||33.8|
|1939 or Older||5.5|
|TYPE OF Columbus HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Columbus HOMES|
|5 or more bedrooms||2.37|