Columbia City, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbia City Neighborhoods Since 2000




Columbia City, IN 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 Q1 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

Columbia City Housing Market Information

With a population of 8,857, 3,806 total housing units (homes and apartments), and a median house value of $129,130, house prices in Columbia City are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbia City, accounting for 64.75% of the city's housing units. Other types of housing that are prevalent in Columbia City include large apartment complexes or high rise apartments ( 14.67%), duplexes, homes converted to apartments or other small apartment buildings ( 10.09%), and a few mobile homes or trailers ( 6.19%).

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 City. Owner-occupied housing accounts for 66.67% of Columbia City's homes, and 55.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Columbia City 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 City built before 1939 ( 22.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.43%). There's also some housing in Columbia City built between 2000 and later ( 15.04%).

Columbia City Home Appreciation Rates

Appreciation rates for homes in Columbia City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.06%, which ranks in the top 50% nationwide. This equates to an annual average Columbia City house appreciation rate of 0.11%.

Over the last year, Columbia City appreciation rates have trailed the rest of the nation. In the last twelve months, Columbia City's appreciation rate has been 2.64%, 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 City were at -1.88%, which equates to an annual appreciation rate of -7.30%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbia City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia City - 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 Columbia City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,130

Columbia City, IN HOME PRICES

Value Range
> $1,081,000 1.0
$811,001 - $1,081,000 0.5
$541,001 - $811,000 0.4
$433,001 - $541,000 0.7
$324,001 - $433,000 1.1
$216,001 - $324,000 10.7
$108,001 - $216,000 43.8
$54,001 - $108,000 30.4
$0 - $54,000 11.5

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
60.3656392827845 45.7013574660633

Number Of Homes And Apartments:
3,806

Columbia City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
18.23% 0.98% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$732 / per month

Homeownership Rate

Homeownership
Owners 66.67
Renters 33.33
Vacant 4.25

Housing Market Details

 

Age of Homes

AGE OF Columbia City HOMES
2000 or Newer 15.0
1970 - 1999 41.7
1940 - 1969 20.4
1939 or Older 22.9

Types of Homes

TYPE OF Columbia City HOMES
Single-Family 64.8
Townhomes 4.3
Small Apt. Buildings 10.1
Apt. Complexes 14.7
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Columbia City HOMES
No Bedroom 0.48
1 Bedroom 10.42
2 Bedrooms 32.25
3 Bedrooms 46.29
4 Bedrooms 9.58
5 or more bedrooms 0.98