Columbus, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, NC 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 994, 484 total housing units (homes and apartments), and a median house value of $197,176, Columbus real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Columbus, accounting for 64.80% of the town's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 16.39%), duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), and a few mobile homes or trailers ( 4.66%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.61% owning and 53.39% 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 ( 25.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.39%). There's also some housing in Columbus built before 1939 ( 7.64%).

Columbus Home Appreciation Rates

Real estate appreciation rates in Columbus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

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 2.66%, 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 -2.13%.

Notably, Columbus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Columbus's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$197,176

Columbus, NC HOME PRICES

Value Range
> $1,077,000 4.8
$808,001 - $1,077,000 0.0
$538,001 - $808,000 1.8
$430,001 - $538,000 4.3
$323,001 - $430,000 13.0
$215,001 - $323,000 22.1
$107,001 - $215,000 39.8
$54,001 - $107,000 9.0
$0 - $54,000 5.2

High for NC
High for Nation

Value Relative to Nation Value Relative to State
32.9544122817298 23.956442831216

Number Of Homes And Apartments:
484

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
61.87% 2.83% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$938 / per month

Homeownership Rate

Homeownership
Owners 46.61
Renters 53.39
Vacant 9.87

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 16.4
1970 - 1999 50.5
1940 - 1969 25.5
1939 or Older 7.6

Types of Homes

TYPE OF Columbus HOMES
Single-Family 64.8
Townhomes 2.4
Small Apt. Buildings 11.7
Apt. Complexes 16.4
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.98
1 Bedroom 12.10
2 Bedrooms 26.82
3 Bedrooms 50.28
4 Bedrooms 7.82
5 or more bedrooms 0.00

Popular Neighborhoods in Columbus

Zip Codes in Columbus, NC