Columbus, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, GA Real Estate Data


Columbus Housing Market Information

With 200,579 people, 72,760 houses or apartments, and a median cost of homes of $119,968, 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 -1.91%, 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 -0.47%, 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 -0.35%, which equates to an annual appreciation rate of -1.39%.

Relative to Georgia, our data show that Columbus's latest annual appreciation rate is lower than 80% 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:
$119,968

Columbus, GA HOME PRICES

Value Range
> $1,002,000 0.3
$751,001 - $1,002,000 0.5
$500,001 - $751,000 1.5
$401,001 - $500,000 1.7
$300,001 - $401,000 5.2
$200,001 - $300,000 13.1
$100,001 - $200,000 39.6
$50,001 - $100,000 26.8
$0 - $50,000 11.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
65.2877065510371 51.7970401691332

Number Of Homes And Apartments:
72,760

Rent & Ownership

 

Average Market Rent:
$1,062 / 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

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
14.61% 0.79% 4 2
* 10 is highest