Columbus, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbus Neighborhoods Since 2000




Columbus, 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

Columbus Housing Market Information

With a population of 23,168, 9,349 total housing units (homes and apartments), and a median house value of $97,664, house prices in Columbus are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbus, accounting for 67.47% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 16.11%), duplexes, homes converted to apartments or other small apartment buildings ( 12.99%), and a few mobile homes or trailers ( 1.69%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.82% owning and 53.18% renting.

There is a lot of housing in Columbus 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 Columbus built between 1940-1969 ( 34.09%). A lesser amount of the housing stock also hails from before 1939 ( 8.85%). There's also some housing in Columbus built between 2000 and later ( 7.51%).

Vacant housing appears to be an issue in Columbus. Fully 15.29% of the housing stock is classified as vacant. Left unchecked, vacant Columbus homes and apartments can be a drag on the real estate market, holding Columbus 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.

Columbus Home Appreciation Rates

Appreciation rates for homes in Columbus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.75%, which ranks in the top 50% nationwide. This equates to an annual average Columbus house appreciation rate of 0.07%.

Over the last year, Columbus appreciation rates have trailed the rest of the nation. In the last twelve months, Columbus's appreciation rate has been 0.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbus were at 0.54%, which equates to an annual appreciation rate of 2.17%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - 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 Columbus real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$97,664

Columbus, MS HOME PRICES

Value Range
> $1,019,000 0.9
$765,001 - $1,019,000 0.0
$509,001 - $765,000 0.5
$408,001 - $509,000 2.4
$306,001 - $408,000 3.0
$204,001 - $306,000 7.8
$102,001 - $204,000 30.6
$51,001 - $102,000 40.1
$0 - $51,000 14.8

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
79.0987929215985 39.5918367346939

Number Of Homes And Apartments:
9,349

Columbus 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
25.12% 1.31% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$884 / per month

Homeownership Rate

Homeownership
Owners 46.82
Renters 53.18
Vacant 15.29

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 7.5
1970 - 1999 49.6
1940 - 1969 34.1
1939 or Older 8.9

Types of Homes

TYPE OF Columbus HOMES
Single-Family 67.5
Townhomes 1.5
Small Apt. Buildings 13.0
Apt. Complexes 16.1
Mobile Homes 1.7
Other 0.3

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.59
1 Bedroom 8.12
2 Bedrooms 31.20
3 Bedrooms 45.68
4 Bedrooms 9.92
5 or more bedrooms 2.49