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
With a population of 6,037, 2,230 total housing units (homes and apartments), and a median house value of $169,432, Columbia real estate is some of the most expensive in Mississippi, although Columbia home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Columbia, accounting for 79.11% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 9.76%), duplexes, homes converted to apartments or other small apartment buildings ( 6.46%), and a few mobile homes or trailers ( 3.98%).
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 53.34% owning and 46.66% 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 1940-1969 ( 40.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.54%). There's also some housing in Columbia built before 1939 ( 5.31%).
Vacant housing appears to be an issue in Columbia. Fully 19.96% of the housing stock is classified as vacant. Left unchecked, vacant Columbia homes and apartments can be a drag on the real estate market, holding Columbia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Columbia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 20.64%, which ranks in the top 40% nationwide. This equates to an annual average Columbia house appreciation rate of 1.89%.
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 8.76%, which is higher than appreciation rates in 96.46% 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 -0.57%, which equates to an annual appreciation rate of -2.27%.
Notably, Columbia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Columbia's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
|$917,001 - $1,223,000||0.0|
|$612,001 - $917,000||2.7|
|$489,001 - $612,000||2.9|
|$367,001 - $489,000||0.0|
|$245,001 - $367,000||10.1|
|$122,001 - $245,000||28.2|
|$61,001 - $122,000||44.3|
|$0 - $61,000||11.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Columbia HOMES|
|2000 or Newer||8.5|
|1970 - 1999||45.3|
|1940 - 1969||40.8|
|1939 or Older||5.3|
|TYPE OF Columbia HOMES|
|Small Apt. Buildings||6.5|
|SIZE OF Columbia HOMES|
|5 or more bedrooms||0.25|