Columbus, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, KS 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

Columbus Housing Market Information

With 3,146 people, 1,461 houses or apartments, and a median cost of homes of $88,477, 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 78.88% of the city's housing units. Other types of housing that are prevalent in Columbus include duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), large apartment complexes or high rise apartments ( 6.68%), and a few mobile homes or trailers ( 4.59%).

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 57.04% owning and 42.96% 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 before 1939 ( 29.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.80%). There's also some housing in Columbus built between 2000 and later ( 9.96%).

Vacant housing appears to be an issue in Columbus. Fully 12.83% 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

In the last 10 years, Columbus has experienced some of the highest home appreciation rates of any community in the nation. Columbus real estate appreciated 32.09% over the last ten years, which is an average annual home appreciation rate of 2.82%, putting Columbus in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Columbus definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Columbus's appreciation rate, at 5.12%, has been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.

Relative to Kansas, our data show that Columbus's latest annual appreciation rate is higher than 70% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$88,477

Columbus, KS HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.8
$558,001 - $837,000 1.0
$446,001 - $558,000 0.0
$335,001 - $446,000 0.7
$223,001 - $335,000 9.9
$112,001 - $223,000 21.4
$56,001 - $112,000 37.4
$0 - $56,000 29.0

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
85.1166061174265 65.2482269503546

Number Of Homes And Apartments:
1,461

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
60.25% 2.77% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 57.04
Renters 42.96
Vacant 12.83

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 10.0
1970 - 1999 32.8
1940 - 1969 27.8
1939 or Older 29.5

Types of Homes

TYPE OF Columbus HOMES
Single-Family 78.9
Townhomes 2.0
Small Apt. Buildings 7.9
Apt. Complexes 6.7
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 0.00
1 Bedroom 12.47
2 Bedrooms 33.59
3 Bedrooms 43.85
4 Bedrooms 9.61
5 or more bedrooms 0.48

Popular Neighborhoods in Columbus

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Zip Codes in Columbus, KS