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 about Scout's Real Estate Data
With 10,126 people, 4,515 houses or apartments, and a median cost of homes of $186,801, house prices in Columbia are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Columbia, accounting for 39.49% of the borough's housing units. Other types of housing that are prevalent in Columbia include single-family detached homes ( 24.57%), large apartment complexes or high rise apartments ( 23.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.68%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
People in Columbia primarily live in small (one, two or no bedroom) row houses and other attached homes. Columbia has a mixture of owner-occupied and renter-occupied housing.
The housing in Columbia was primarily built before 1939 ( 53.97%), making the housing stock in Columbia some of the oldest overall in America, although there is a range of ages of homes in Columbia. The next most important housing age is between 1940-1969 ( 25.22%), followed by between 1970-1999 ( 19.51%). There's also some housing in Columbia built between 2000 and later ( 1.30%).
Real estate appreciation rates in Columbia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Appreciation rates are so strong in Columbia that despite a nationwide downturn in the housing market, Columbia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia appreciation rates continue to be some of the highest in America, at 8.46%, which is higher than appreciation rates in 88.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbia. Columbia appreciation rates in the latest quarter were at -1.10%, which equates to an annual appreciation rate of -4.34%.
Notably, Columbia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Columbia's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Columbia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia - 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 Columbia real estate investment or home purchase decisions.
$186,801
for Pennsylvania
for nation
4,515
$1,464 / per month