Columbia, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Columbia Neighborhoods Since 2000




Columbia, MD 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

Columbia Housing Market Information

With a population of 107,318, 39,893 total housing units (homes and apartments), and a median house value of $377,824, real estate costs in Columbia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Columbia, accounting for 39.32% of the town's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 31.48%), row houses and other attached homes ( 26.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.24%).

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 65.89% of Columbia's homes, and 57.05% have either three or four bedrooms, which is average sized relative to America.

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 ( 10.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.79%).

Columbia Home Appreciation Rates

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 -1.44%, which is lower than 80% of US communities.

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 1.03%, 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 -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Columbia's latest annual appreciation rate is lower than 70% 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.

Average Home Values

 

Median Home Value:
$377,824

Columbia, MD HOME PRICES

Value Range
> $1,045,000 0.3
$784,001 - $1,045,000 2.8
$523,001 - $784,000 15.5
$418,001 - $523,000 20.0
$313,001 - $418,000 28.0
$209,001 - $313,000 22.2
$104,001 - $209,000 8.3
$52,001 - $104,000 0.7
$0 - $52,000 2.2

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.4828313606 24.4274809160305

Number Of Homes And Apartments:
39,893

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
81.47% 3.51% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,953 / per month

Homeownership Rate

Homeownership
Owners 65.89
Renters 34.11
Vacant 4.22

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 10.3
1970 - 1999 79.4
1940 - 1969 9.8
1939 or Older 0.5

Types of Homes

TYPE OF Columbia HOMES
Single-Family 39.3
Townhomes 26.5
Small Apt. Buildings 2.2
Apt. Complexes 31.5
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF Columbia HOMES
No Bedroom 0.89
1 Bedroom 12.24
2 Bedrooms 21.56
3 Bedrooms 30.54
4 Bedrooms 26.51
5 or more bedrooms 8.26