Columbia, IL 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

Columbia, IL Housing Market Trends

With 10,513 people, 4,248 houses or apartments, and a median cost of homes of $231,357, 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 80.17% of the city's housing units. Other types of housing that are prevalent in Columbia include duplexes, homes converted to apartments or other small apartment buildings ( 7.07%), large apartment complexes or high rise apartments ( 6.89%), and a few row houses and other attached homes ( 4.72%).

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 81.96% of Columbia's homes, and 60.16% 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 2000 and later ( 26.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.08%). There's also some housing in Columbia built before 1939 ( 11.38%).

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 2.11% during the period.

Over the last year, Columbia appreciation rates have trailed the rest of the nation. In the last twelve months, Columbia's appreciation rate has been 4.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbia were at 1.73%, which equates to an annual appreciation rate of 7.09%.

Relative to Illinois, our data show that Columbia's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$231,357

Columbia, IL HOME PRICES

> $1,158,000
1.3%
1.3%
$868,001 - $1,158,000
0.7%
0.7%
$579,001 - $868,000
2.3%
2.3%
$463,001 - $579,000
6.2%
6.2%
$347,001 - $463,000
12.6%
12.6%
$232,001 - $347,000
31.3%
31.3%
$115,001 - $232,000
41.4%
41.4%
$58,001 - $115,000
2.6%
2.6%
$0 - $58,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for IL

Value Relative To Nation

Number Of Homes And Apartments:
4,248

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
47.83% 1.88%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,067 / per month

Homeownership Rate

Owners
82.0%
82.0%
Renters
18.0%
18.0%
Vacant
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.8%
26.8%
1970 - 1999
41.7%
41.7%
1940 - 1969
20.1%
20.1%
1939 or Older
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.2%
80.2%
Townhomes
4.7%
4.7%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
6.9%
6.9%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
4.1%
4.1%
2 Bedrooms
29.2%
29.2%
3 Bedrooms
40.4%
40.4%
4 Bedrooms
19.7%
19.7%
5 or more bedrooms
6.0%
6.0%
0.0% 100.0%
% OF HOMES