Columbia MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Columbia Housing Market Information

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.

Columbia Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$157,403

Columbia, MS HOME PRICES

Value Range
> $1,063,000 0.0
$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

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
57.214598540146 15.1020408163265

Number Of Homes And Apartments:
2,118

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2020 Q1
28.04% 1.23%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$780 / per month

Homeownership Rate

Homeownership
Owners 57.77
Renters 42.23
Vacant 23.12

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 6.1
1970 - 1999 48.0
1940 - 1969 39.5
1939 or Older 6.3

Types of Homes

TYPE OF Columbia HOMES
Single-Family 80.5
Townhomes 1.2
Small Apt. Buildings 7.3
Apt. Complexes 6.7
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 4.65
1 Bedroom 9.47
2 Bedrooms 18.11
3 Bedrooms 54.66
4 Bedrooms 11.00
5 or more bedrooms 2.11

Popular Communities Near Columbia, MS

Zip Codes in Columbia, MS