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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 104,681, 40,937 total housing units (homes and apartments), and a median house value of $476,761, Columbia real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Columbia, accounting for 39.10% of the town's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 31.68%), row houses and other attached homes ( 26.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.28%).
The most prevalent building size and type in Columbia are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.90% owning and 35.10% renting.
There is a lot of housing in Columbia 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 built between 2000 and later ( 12.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.69%). There's also some housing in Columbia built before 1939 ( 1.02%).
Columbia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbia during the period has been just 4.09%, which is lower than 80% of US communities.
Appreciation rates are so strong in Columbia that despite a nationwide downturn in the housing market, Columbia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 71.51% 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. Columbia appreciation rates in the latest quarter were at 2.62%, which equates to an annual appreciation rate of 10.91%.
Relative to Maryland, our data show that Columbia's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Columbia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia - 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 real estate investment or home purchase decisions.
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