Columbia, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbia, IL Real Estate Data


Columbia Housing Market Information

With 10,158 people, 3,933 houses or apartments, and a median cost of homes of $201,254, Columbia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Columbia, accounting for 77.81% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 12.77%), duplexes, homes converted to apartments or other small apartment buildings ( 6.07%), and a few row houses and other attached homes ( 2.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Columbia. Owner-occupied housing accounts for 77.62% of Columbia's homes, and 64.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Columbia 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 Columbia built between 1940-1969 ( 25.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.60%). There's also some housing in Columbia built before 1939 ( 7.42%).

Columbia Home Appreciation Rates

Real estate appreciation rates in Columbia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.21% during the period.

NeighborhoodScout's data show that during the latest twelve months, Columbia's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Columbia's appreciation rate has been 1.28%, which annualizes to a rate of 5.23%.

Relative to Illinois, our data show that Columbia's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$201,254

Columbia, IL HOME PRICES

Value Range
> $1,102,000 0.0
$827,001 - $1,102,000 0.5
$551,001 - $827,000 1.1
$441,001 - $551,000 3.4
$330,001 - $441,000 6.1
$221,001 - $330,000 32.6
$110,001 - $221,000 44.2
$55,001 - $110,000 6.1
$0 - $55,000 5.9

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.7926450781753 25.6962025316456

Number Of Homes And Apartments:
3,933

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 77.62
Renters 22.38
Vacant 5.23

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 20.6
1970 - 1999 46.8
1940 - 1969 25.2
1939 or Older 7.4

Types of Homes

TYPE OF Columbia HOMES
Single-Family 77.8
Townhomes 2.0
Small Apt. Buildings 6.1
Apt. Complexes 12.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 1.83
1 Bedroom 3.11
2 Bedrooms 27.40
3 Bedrooms 46.29
4 Bedrooms 17.90
5 or more bedrooms 3.47

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.43% 1.48% 6 3
* 10 is highest