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
With 197,485 people, 73,449 houses or apartments, and a median cost of homes of $115,419, house prices in Columbus are solidly below the national average.
Single-family detached homes are the single most common housing type in Columbus, accounting for 65.52% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 22.23%), duplexes, homes converted to apartments or other small apartment buildings ( 9.28%), and a few mobile homes or trailers ( 1.49%).
The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.30% owning and 53.70% 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 ( 34.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.46%). There's also some housing in Columbus built before 1939 ( 5.68%).
Vacant housing appears to be an issue in Columbus. Fully 12.48% 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.
Homes have actually lost value in Columbus over the last then years, as home values have seen a decline of 19.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Columbus home appreciation rates at 2.15%, which equates to an annual appreciation rate of 8.88%.
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 -6.35%, 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 2.15%, which equates to an annual appreciation rate of 8.88%.
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.
|$739,001 - $985,000||0.5|
|$492,001 - $739,000||1.8|
|$394,001 - $492,000||1.4|
|$295,001 - $394,000||5.0|
|$197,001 - $295,000||13.2|
|$98,001 - $197,000||39.3|
|$49,001 - $98,000||25.9|
|$0 - $49,000||12.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Columbus HOMES|
|2000 or Newer||20.5|
|1970 - 1999||39.0|
|1940 - 1969||34.8|
|1939 or Older||5.7|
|TYPE OF Columbus HOMES|
|Small Apt. Buildings||9.3|
|SIZE OF Columbus HOMES|
|5 or more bedrooms||2.34|