Columbus, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Columbus Neighborhoods Since 2000




Columbus, NJ 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 8,574 people, 1,965 houses or apartments, and a median cost of homes of $404,492, real estate costs in Columbus are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Columbus, accounting for 95.65% of the town's housing units. Other types of housing that are prevalent in Columbus include row houses and other attached homes ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Columbus. Owner-occupied housing accounts for 97.89% of Columbus's homes, and 54.62% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 40.98%). A lesser amount of the housing stock also hails from before 1939 ( 10.56%). There's also some housing in Columbus built between 1940-1969 ( 7.26%).

Columbus Home Appreciation Rates

Columbus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbus during the period has been just -1.99%, which is lower than 80% of US communities.

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 2.15%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Columbus's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$404,492

Columbus, NJ HOME PRICES

Value Range
> $1,086,000 0.9
$814,001 - $1,086,000 2.2
$543,001 - $814,000 15.7
$434,001 - $543,000 15.5
$326,001 - $434,000 21.1
$217,001 - $326,000 24.4
$108,001 - $217,000 16.9
$54,001 - $108,000 0.7
$0 - $54,000 2.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.31091058244463 39.6341463414634

Number Of Homes And Apartments:
1,965

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
35.67% 1.78% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Homeownership
Owners 97.89
Renters 2.11
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 41.0
1970 - 1999 41.2
1940 - 1969 7.3
1939 or Older 10.6

Types of Homes

TYPE OF Columbus HOMES
Single-Family 95.6
Townhomes 4.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 0.00
1 Bedroom 1.34
2 Bedrooms 34.63
3 Bedrooms 19.92
4 Bedrooms 34.70
5 or more bedrooms 9.41