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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 850,106, 334,724 total housing units (homes and apartments), and a median house value of $153,801, Columbus real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Columbus, accounting for 46.11% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 29.94%), duplexes, homes converted to apartments or other small apartment buildings ( 13.12%), and a few row houses and other attached homes ( 9.95%).
People in Columbus primarily live in small (one, two or no bedroom) single-family detached homes. Columbus has a mixture of owner-occupied and renter-occupied housing.
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 ( 29.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.45%). There's also some housing in Columbus built before 1939 ( 12.38%).
Vacant housing appears to be an issue in Columbus. Fully 12.03% 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.
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 10.61%, which ranks in the top 30% nationwide. This equates to an annual average Columbus house appreciation rate of 1.01%.
Appreciation rates are so strong in Columbus that despite a nationwide downturn in the housing market, Columbus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbus appreciation rates continue to be some of the highest in America, at 9.46%, which is higher than appreciation rates in 90.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbus. Columbus appreciation rates in the latest quarter were at 5.57%, which equates to an annual appreciation rate of 24.22%.
Importantly, NeighborhoodScout’s exclusive research found that Columbus's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Ohio, our data show that Columbus's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
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.
|$929,001 - $1,238,000||0.2|
|$619,001 - $929,000||1.3|
|$495,001 - $619,000||1.2|
|$372,001 - $495,000||2.9|
|$248,001 - $372,000||12.2|
|$124,001 - $248,000||43.4|
|$62,001 - $124,000||29.7|
|$0 - $62,000||8.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Columbus HOMES|
|2000 or Newer||14.4|
|1970 - 1999||44.0|
|1940 - 1969||29.1|
|1939 or Older||12.4|
|TYPE OF Columbus HOMES|
|Small Apt. Buildings||13.1|
|SIZE OF Columbus HOMES|
|5 or more bedrooms||1.24|