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 Q2 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

Columbus Housing Market Information

With a population of 200,579, 72,760 total housing units (homes and apartments), and a median house value of $124,214, 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 66.19% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 21.85%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 1.63%).

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 47.32% owning and 52.68% 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 ( 35.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.18%). There's also some housing in Columbus built before 1939 ( 5.80%).

Vacant housing appears to be an issue in Columbus. Fully 12.87% 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

Columbus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbus during the period has been just -1.62%, which is lower than 80% of US communities.

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 3.62%, 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 5.08%, which equates to an annual appreciation rate of 21.94%.

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 lower than 60% 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:
$124,214

Columbus, GA HOME PRICES

Value Range
> $1,036,000 0.7
$776,001 - $1,036,000 0.5
$518,001 - $776,000 1.5
$414,001 - $518,000 1.7
$311,001 - $414,000 5.2
$207,001 - $311,000 13.1
$104,001 - $207,000 39.6
$52,001 - $104,000 26.8
$0 - $52,000 11.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
64.2602025879735 50.5285412262156

Number Of Homes And Apartments:
72,760

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
18.69% 0.98% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,120 / per month

Homeownership Rate

Homeownership
Owners 47.32
Renters 52.68
Vacant 12.87

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 20.2
1970 - 1999 38.9
1940 - 1969 35.2
1939 or Older 5.8

Types of Homes

TYPE OF Columbus HOMES
Single-Family 66.2
Townhomes 1.6
Small Apt. Buildings 8.7
Apt. Complexes 21.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 1.81
1 Bedroom 10.13
2 Bedrooms 27.07
3 Bedrooms 43.81
4 Bedrooms 15.01
5 or more bedrooms 2.16