Columbia Heights, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbia Heights Neighborhoods Since 2000




Columbia Heights, MN 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 Heights Housing Market Information

With a population of 19,715, 7,918 total housing units (homes and apartments), and a median house value of $178,732, Columbia Heights 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 Heights, accounting for 62.48% of the city's housing units. Other types of housing that are prevalent in Columbia Heights include large apartment complexes or high rise apartments ( 20.53%), row houses and other attached homes ( 11.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.08%).

The most prevalent building size and type in Columbia Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.21% owning and 35.79% renting.

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 Heights's housing was primarily built during this period, from the '40s through the '60s. A full 53.89% of the city's housing hails from this era. Other housing ages represented in Columbia Heights include homes built between 1970-1999 ( 23.25%) and housing constructed before 1939 ( 14.83%). There's also some housing in Columbia Heights built between 2000 and later ( 8.03%).

Columbia Heights Home Appreciation Rates

Columbia Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbia Heights during the period has been just -1.60%, which is lower than 80% of US communities.

Appreciation rates are so strong in Columbia Heights that despite a nationwide downturn in the housing market, Columbia Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia Heights appreciation rates continue to be some of the highest in America, at 10.29%, which is higher than appreciation rates in 94.60% 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 Heights. Columbia Heights appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Columbia Heights's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbia Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia Heights - 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 Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$178,732

Columbia Heights, MN HOME PRICES

Value Range
> $1,256,000 0.4
$942,001 - $1,256,000 0.0
$628,001 - $942,000 0.6
$503,001 - $628,000 0.2
$377,001 - $503,000 3.1
$251,001 - $377,000 14.3
$126,001 - $251,000 63.4
$63,001 - $126,000 11.4
$0 - $63,000 6.7

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
38.5679128090941 51.5400410677618

Number Of Homes And Apartments:
7,918

Columbia Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
30.77% 1.57% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,164 / per month

Homeownership Rate

Homeownership
Owners 64.21
Renters 35.79
Vacant 5.77

Housing Market Details

 

Age of Homes

AGE OF Columbia Heights HOMES
2000 or Newer 8.0
1970 - 1999 23.3
1940 - 1969 53.9
1939 or Older 14.8

Types of Homes

TYPE OF Columbia Heights HOMES
Single-Family 62.5
Townhomes 11.5
Small Apt. Buildings 5.1
Apt. Complexes 20.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Columbia Heights HOMES
No Bedroom 1.27
1 Bedroom 16.43
2 Bedrooms 28.78
3 Bedrooms 37.47
4 Bedrooms 13.22
5 or more bedrooms 2.82