Columbus, GA Real Estate Market

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Columbus, GA Housing Market Trends

With 195,769 people, 72,759 houses or apartments, and a median cost of homes of $141,588, 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 65.02% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 23.27%), duplexes, homes converted to apartments or other small apartment buildings ( 8.30%), and a few row houses and other attached homes ( 2.12%).

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 46.28% owning and 53.72% 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 ( 33.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.51%). There's also some housing in Columbus built before 1939 ( 5.33%).

Vacant housing appears to be an issue in Columbus. Fully 14.12% 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

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 2.31%, which is annualized rate of 0.23%. 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 6.38%, which is higher than appreciation rates in 71.22% 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 0.79%, which equates to an annual appreciation rate of 3.18%.

Notably, Columbus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Columbus's latest annual appreciation rate is lower than 50% 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:
$141,588

Columbus, GA HOME PRICES

> $1,143,000
0.6%
0.6%
$857,001 - $1,143,000
0.6%
0.6%
$572,001 - $857,000
1.7%
1.7%
$457,001 - $572,000
1.2%
1.2%
$343,001 - $457,000
4.4%
4.4%
$229,001 - $343,000
14.5%
14.5%
$114,001 - $229,000
36.6%
36.6%
$57,001 - $114,000
28.6%
28.6%
$0 - $57,000
11.8%
11.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
72,759

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
30.54% 1.28%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Owners
46.3%
46.3%
Renters
53.7%
53.7%
Vacant
14.1%
14.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
39.7%
39.7%
1940 - 1969
33.5%
33.5%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.0%
65.0%
Townhomes
2.1%
2.1%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
23.3%
23.3%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
10.8%
10.8%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
43.5%
43.5%
4 Bedrooms
15.9%
15.9%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES