Columbia, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbia, LA Real Estate Data


Columbia Housing Market Information

With 382 people, 181 houses or apartments, and a median cost of homes of $61,868, house prices in Columbia are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Columbia, accounting for 87.77% of the town's housing units. Other types of housing that are prevalent in Columbia include duplexes, homes converted to apartments or other small apartment buildings ( 5.24%), mobile homes or trailers ( 4.80%), and a few large apartment complexes or high rise apartments ( 2.18%).

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 68.17% of Columbia's homes, and 58.08% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Columbia's housing was primarily built during this period, from the '40s through the '60s. A full 44.10% of the town's housing hails from this era. Other housing ages represented in Columbia include homes built between 1970-1999 ( 28.38%) and housing constructed before 1939 ( 25.76%). There's also some housing in Columbia built between 2000 and later ( 1.75%).

Vacant housing appears to be an issue in Columbia. Fully 20.96% of the housing stock is classified as vacant. Left unchecked, vacant Columbia homes and apartments can be a drag on the real estate market, holding Columbia 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.

Columbia Home Appreciation Rates

Appreciation rates for homes in Columbia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.05%, which ranks in the top 50% nationwide. This equates to an annual average Columbia house appreciation rate of 0.49%.

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 3.18%, 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 0.57%, which equates to an annual appreciation rate of 2.31%.

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

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

Average Home Values

 

Median Home Value:
$61,868

Columbia, LA HOME PRICES

Value Range
> $1,083,000 0.7
$812,001 - $1,083,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 2.4
$216,001 - $325,000 2.4
$108,001 - $216,000 22.2
$54,001 - $108,000 37.2
$0 - $54,000 35.2

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
97.9270363647011 94.7916666666667

Number Of Homes And Apartments:
181

Rent & Ownership

 

Average Market Rent:
$907 / per month

Homeownership Rate

Homeownership
Owners 68.17
Renters 31.83
Vacant 20.96

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 1.7
1970 - 1999 28.4
1940 - 1969 44.1
1939 or Older 25.8

Types of Homes

TYPE OF Columbia HOMES
Single-Family 87.8
Townhomes 0.0
Small Apt. Buildings 5.2
Apt. Complexes 2.2
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 0.00
1 Bedroom 7.42
2 Bedrooms 31.44
3 Bedrooms 54.59
4 Bedrooms 3.49
5 or more bedrooms 3.06

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
56.89% 2.68% 5 7
* 10 is highest

Popular Neighborhoods in Columbia

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Zip Codes in Columbia, LA