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


Columbia City Housing Market Information

With a population of 8,857, 3,708 total housing units (homes and apartments), and a median house value of $133,423, 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 65.90% of the city's housing units. Other types of housing that are prevalent in Columbia City include large apartment complexes or high rise apartments ( 15.21%), duplexes, homes converted to apartments or other small apartment buildings ( 9.61%), and a few mobile homes or trailers ( 5.50%).

The most prevalent building size and type in Columbia City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.46% owning and 37.54% renting.

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 between 1940-1969 ( 23.31%). A lesser amount of the housing stock also hails from before 1939 ( 22.88%). There's also some housing in Columbia City built between 2000 and later ( 15.36%).

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 7.24%, which ranks in the top 40% nationwide. This equates to an annual average Columbia City house appreciation rate of 0.70%.

Appreciation rates are so strong in Columbia City that despite a nationwide downturn in the housing market, Columbia City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia City appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 87.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbia City. Columbia City appreciation rates in the latest quarter were at 3.37%, which equates to an annual appreciation rate of 14.20%.

Importantly, this makes Columbia City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Columbia City's latest annual appreciation rate is higher than 90% 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:
$133,423

Columbia City, IN HOME PRICES

Value Range
> $1,123,000 0.6
$842,001 - $1,123,000 0.5
$561,001 - $842,000 0.4
$449,001 - $561,000 0.6
$337,001 - $449,000 1.1
$224,001 - $337,000 9.1
$113,001 - $224,000 45.5
$56,001 - $113,000 31.6
$0 - $56,000 10.7

Average for IN
Average for Nation

Value Relative to Nation Value Relative to State
58.9272120395854 43.8914027149321

Number Of Homes And Apartments:
3,708

Rent & Ownership

 

Average Market Rent:
$774 / per month

Homeownership Rate

Homeownership
Owners 62.46
Renters 37.54
Vacant 5.21

Housing Market Details

 

Age of Homes

AGE OF Columbia City HOMES
2000 or Newer 15.4
1970 - 1999 38.4
1940 - 1969 23.3
1939 or Older 22.9

Types of Homes

TYPE OF Columbia City HOMES
Single-Family 65.9
Townhomes 3.8
Small Apt. Buildings 9.6
Apt. Complexes 15.2
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Columbia City HOMES
No Bedroom 1.64
1 Bedroom 10.10
2 Bedrooms 34.48
3 Bedrooms 42.97
4 Bedrooms 9.71
5 or more bedrooms 1.10

Columbia City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
23.46% 1.25% 5 2
* 10 is highest