With a population of 19,715, 7,918 total housing units (homes and apartments), and a median house value of $176,212, 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'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 -1.78%, 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 9.59%, which is higher than appreciation rates in 92.00% 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 1.09%, which equates to an annual appreciation rate of 4.45%.
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.
|$929,001 - $1,238,000||0.0|
|$619,001 - $929,000||0.6|
|$495,001 - $619,000||0.2|
|$372,001 - $495,000||3.1|
|$248,001 - $372,000||14.3|
|$124,001 - $248,000||63.4|
|$62,001 - $124,000||11.4|
|$0 - $62,000||6.7|
|Value Relative to Nation||Value Relative to State|
|AGE OF Columbia Heights HOMES|
|2000 or Newer||8.0|
|1970 - 1999||23.3|
|1940 - 1969||53.9|
|1939 or Older||14.8|
|TYPE OF Columbia Heights HOMES|
|Small Apt. Buildings||5.1|
|SIZE OF Columbia Heights HOMES|
|5 or more bedrooms||2.82|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
2000 Q1 - 2016 Q4
|* 10 is highest|