Columbus, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbus Neighborhoods Since 2000




Columbus, NJ Real Estate Data


Columbus Housing Market Information

With 8,574 people, 1,884 houses or apartments, and a median cost of homes of $354,916, 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 95.96% of the town's housing units. Other types of housing that are prevalent in Columbus include row houses and other attached homes ( 3.93%).

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 98.26% of Columbus's homes, and 55.69% 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 ( 37.12%). A lesser amount of the housing stock also hails from before 1939 ( 10.32%). There's also some housing in Columbus built between 1940-1969 ( 8.27%).

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 -1.86%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Columbus's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$354,916

Columbus, NJ HOME PRICES

Value Range
> $1,102,000 1.0
$826,001 - $1,102,000 1.7
$551,001 - $826,000 10.3
$440,001 - $551,000 18.6
$331,001 - $440,000 21.4
$221,001 - $331,000 27.4
$110,001 - $221,000 16.1
$55,001 - $110,000 1.5
$0 - $55,000 2.2

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
12.2386836095333 51.6260162601626

Number Of Homes And Apartments:
1,884

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Homeownership
Owners 98.26
Renters 1.74
Vacant 6.24

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 37.1
1970 - 1999 44.3
1940 - 1969 8.3
1939 or Older 10.3

Types of Homes

TYPE OF Columbus HOMES
Single-Family 96.0
Townhomes 3.9
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 0.00
1 Bedroom 0.91
2 Bedrooms 35.37
3 Bedrooms 20.58
4 Bedrooms 35.11
5 or more bedrooms 8.02

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.89% 2.04% 2 5
* 10 is highest