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 5,941, 2,118 total housing units (homes and apartments), and a median house value of $157,403, house prices in Columbia are solidly below the national average.
Single-family detached homes are the single most common housing type in Columbia, accounting for 80.54% of the city's housing units. Other types of housing that are prevalent in Columbia include duplexes, homes converted to apartments or other small apartment buildings ( 7.30%), large apartment complexes or high rise apartments ( 6.72%), and a few mobile homes or trailers ( 4.28%).
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 57.77% owning and 42.23% 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 ( 39.53%). A lesser amount of the housing stock also hails from before 1939 ( 6.32%). There's also some housing in Columbia built between 2000 and later ( 6.13%).
Vacant housing appears to be an issue in Columbia. Fully 23.12% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Columbia, where house values have increased just 5.22%, which is annualized rate of 0.51%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
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 -4.02%, 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 -0.33%, which equates to an annual appreciation rate of -1.32%.
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 lower than 90% of the other cities and towns in Mississippi.
|$797,001 - $1,063,000||0.0|
|$531,001 - $797,000||2.0|
|$425,001 - $531,000||0.8|
|$319,001 - $425,000||1.1|
|$212,001 - $319,000||12.1|
|$106,001 - $212,000||26.4|
|$53,001 - $106,000||46.8|
|$0 - $53,000||10.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Columbia HOMES|
|2000 or Newer||6.1|
|1970 - 1999||48.0|
|1940 - 1969||39.5|
|1939 or Older||6.3|
|TYPE OF Columbia HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Columbia HOMES|
|5 or more bedrooms||2.11|