Columbia, MO Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Columbia, MO Housing Market Trends

With 123,195 people, 48,189 houses or apartments, and a median cost of homes of $192,077, Columbia real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Columbia, accounting for 50.84% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 26.34%), duplexes, homes converted to apartments or other small apartment buildings ( 15.34%), and a few row houses and other attached homes ( 5.06%).

The most prevalent building size and type in Columbia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.00% owning and 56.00% 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 ( 34.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.01%). There's also some housing in Columbia built before 1939 ( 5.50%).

Columbia Home Appreciation Rates

Real estate appreciation rates in Columbia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.44% during the period.

NeighborhoodScout's data show that during the latest twelve months, Columbia's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Columbia's appreciation rate has been 1.88%, which annualizes to a rate of 7.73%.

Relative to Missouri, our data show that Columbia's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. 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

 
info

Median Home Value:
$192,077

Columbia, MO HOME PRICES

> $1,138,000
0.4%
0.4%
$853,001 - $1,138,000
0.4%
0.4%
$569,001 - $853,000
2.6%
2.6%
$455,001 - $569,000
3.0%
3.0%
$342,001 - $455,000
10.6%
10.6%
$228,001 - $342,000
22.3%
22.3%
$114,001 - $228,000
45.4%
45.4%
$57,001 - $114,000
10.9%
10.9%
$0 - $57,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MO

Value Relative To Nation

Number Of Homes And Apartments:
48,189

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
63.07% 2.36%
6
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,174 / per month

Homeownership Rate

Owners
44.0%
44.0%
Renters
56.0%
56.0%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
34.1%
34.1%
1970 - 1999
42.4%
42.4%
1940 - 1969
18.0%
18.0%
1939 or Older
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.8%
50.8%
Townhomes
5.1%
5.1%
Small Apt. Buildings
15.3%
15.3%
Apt. Complexes
26.3%
26.3%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
7.9%
7.9%
2 Bedrooms
27.5%
27.5%
3 Bedrooms
34.1%
34.1%
4 Bedrooms
21.1%
21.1%
5 or more bedrooms
6.9%
6.9%
0.0% 100.0%
% OF HOMES