Columbus, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, KS Real Estate Data


Columbus Housing Market Information

With 3,146 people, 1,441 houses or apartments, and a median cost of homes of $82,239, 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 80.55% 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 ( 8.87%), mobile homes or trailers ( 4.77%), and a few large apartment complexes or high rise apartments ( 4.71%).

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 58.08% owning and 41.92% renting.

The housing in Columbus was primarily built before 1939 ( 32.60%), making the housing stock in Columbus some of the oldest overall in America, although there is a range of ages of homes in Columbus. The next most important housing age is between 1940-1969 ( 31.19%), followed by between 1970-1999 ( 27.77%). There's also some housing in Columbus built between 2000 and later ( 8.44%).

Vacant housing appears to be an issue in Columbus. Fully 11.87% 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 29.83% over the last ten years, which is an average annual home appreciation rate of 2.65%, 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.

Appreciation rates are so strong in Columbus that despite a nationwide downturn in the housing market, Columbus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbus appreciation rates continue to be some of the highest in America, at 6.34%, which is higher than appreciation rates in 78.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbus. Columbus appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.50%.

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:
$82,239

Columbus, KS HOME PRICES

Value Range
> $1,153,000 0.0
$865,001 - $1,153,000 0.0
$576,001 - $865,000 0.0
$461,001 - $576,000 0.0
$346,001 - $461,000 0.8
$230,001 - $346,000 7.2
$115,001 - $230,000 18.4
$58,001 - $115,000 40.5
$0 - $58,000 33.0

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
89.9923874216783 74.113475177305

Number Of Homes And Apartments:
1,441

Rent & Ownership

 

Average Market Rent:
$736 / per month

Homeownership Rate

Homeownership
Owners 58.08
Renters 41.92
Vacant 11.87

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 8.4
1970 - 1999 27.8
1940 - 1969 31.2
1939 or Older 32.6

Types of Homes

TYPE OF Columbus HOMES
Single-Family 80.6
Townhomes 1.1
Small Apt. Buildings 8.9
Apt. Complexes 4.7
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 0.00
1 Bedroom 9.72
2 Bedrooms 37.00
3 Bedrooms 44.65
4 Bedrooms 7.65
5 or more bedrooms 0.98

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
52.90% 2.53% 7 6
* 10 is highest

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Zip Codes in Columbus, KS