Columbiana, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbiana, OH 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

Columbiana Housing Market Information

With a population of 6,291, 2,942 total housing units (homes and apartments), and a median house value of $138,769, house prices in Columbiana are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbiana, accounting for 55.06% of the city's housing units. Other types of housing that are prevalent in Columbiana include duplexes, homes converted to apartments or other small apartment buildings ( 15.07%), large apartment complexes or high rise apartments ( 12.06%), and a few row houses and other attached homes ( 11.93%).

People in Columbiana primarily live in small (one, two or no bedroom) single-family detached homes. Columbiana has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Columbiana's housing was primarily built during this period, from the '40s through the '60s. A full 36.57% of the city's housing hails from this era. Other housing ages represented in Columbiana include homes built between 1970-1999 ( 30.42%) and housing constructed between 2000 and later ( 17.33%). There's also some housing in Columbiana built before 1939 ( 15.68%).

Columbiana Home Appreciation Rates

Real estate appreciation rates in Columbiana's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Over the last year, Columbiana appreciation rates have trailed the rest of the nation. In the last twelve months, Columbiana's appreciation rate has been 0.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbiana were at -0.32%, which equates to an annual appreciation rate of -1.25%.

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

Average Home Values

 

Median Home Value:
$138,769

Columbiana, OH HOME PRICES

Value Range
> $1,066,000 0.2
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.8
$426,001 - $533,000 0.6
$320,001 - $426,000 4.2
$213,001 - $320,000 13.7
$106,001 - $213,000 44.5
$53,001 - $106,000 27.1
$0 - $53,000 8.9

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
55.3791163717333 46.4566929133858

Number Of Homes And Apartments:
2,942

Columbiana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
4.76% 0.27% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$836 / per month

Homeownership Rate

Homeownership
Owners 64.12
Renters 35.88
Vacant 4.88

Housing Market Details

 

Age of Homes

AGE OF Columbiana HOMES
2000 or Newer 17.3
1970 - 1999 30.4
1940 - 1969 36.6
1939 or Older 15.7

Types of Homes

TYPE OF Columbiana HOMES
Single-Family 55.1
Townhomes 11.9
Small Apt. Buildings 15.1
Apt. Complexes 12.1
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Columbiana HOMES
No Bedroom 5.30
1 Bedroom 11.19
2 Bedrooms 40.35
3 Bedrooms 34.17
4 Bedrooms 8.18
5 or more bedrooms 0.81