Columbia, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbia, MS 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 6,229 people, 2,197 houses or apartments, and a median cost of homes of $142,703, 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 80.63% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 9.39%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few mobile homes or trailers ( 1.72%).

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 53.70% owning and 46.30% 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's housing was primarily built during this period, from the '40s through the '60s. A full 42.47% of the city's housing hails from this era. Other housing ages represented in Columbia include homes built between 1970-1999 ( 41.19%) and housing constructed before 1939 ( 8.55%). There's also some housing in Columbia built between 2000 and later ( 7.79%).

Vacant housing appears to be an issue in Columbia. Fully 19.70% 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.

Columbia Home Appreciation Rates

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 7.31%, which ranks in the top 40% nationwide. This equates to an annual average Columbia house appreciation rate of 0.71%.

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 2.23%, 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 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Columbia's latest annual appreciation rate is lower than 70% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$142,703

Columbia, MS HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 3.1
$424,001 - $530,000 1.6
$318,001 - $424,000 1.6
$212,001 - $318,000 10.4
$106,001 - $212,000 22.2
$53,001 - $106,000 45.8
$0 - $53,000 15.3

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
53.4630258994492 13.8775510204082

Number Of Homes And Apartments:
2,197

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
31.67% 1.61% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$964 / per month

Homeownership Rate

Homeownership
Owners 53.70
Renters 46.30
Vacant 19.70

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 7.8
1970 - 1999 41.2
1940 - 1969 42.5
1939 or Older 8.6

Types of Homes

TYPE OF Columbia HOMES
Single-Family 80.6
Townhomes 0.7
Small Apt. Buildings 7.6
Apt. Complexes 9.4
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 4.64
1 Bedroom 8.11
2 Bedrooms 20.65
3 Bedrooms 58.74
4 Bedrooms 7.09
5 or more bedrooms 0.77

Popular Communities Near Columbia, MS

Zip Codes in Columbia, MS