Columbia, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Columbia Neighborhoods Since 2000




Columbia, PA 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

Columbia Housing Market Information

With a population of 10,388, 4,123 total housing units (homes and apartments), and a median house value of $105,367, 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 43.78% of the borough's housing units. Other types of housing that are prevalent in Columbia include single-family detached homes ( 23.89%), duplexes, homes converted to apartments or other small apartment buildings ( 16.85%), and a few large apartment complexes or high rise apartments ( 15.04%). 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.

The most prevalent building size and type in Columbia are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 57.17% owning and 42.83% renting.

The housing in Columbia was primarily built before 1939 ( 54.28%), 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 ( 22.17%), followed by between 1970-1999 ( 21.77%). There's also some housing in Columbia built between 2000 and later ( 1.79%).

Columbia Home Appreciation Rates

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 -0.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, Columbia's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Columbia's appreciation rate has been 0.61%, which annualizes to a rate of 2.48%.

Relative to Pennsylvania, our data show that Columbia's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$105,367

Columbia, PA HOME PRICES

Value Range
> $1,035,000 0.0
$776,001 - $1,035,000 0.0
$517,001 - $776,000 0.0
$414,001 - $517,000 0.4
$310,001 - $414,000 1.0
$207,001 - $310,000 4.7
$104,001 - $207,000 43.3
$52,001 - $104,000 45.1
$0 - $52,000 5.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
74.0888315949842 71.9806763285024

Number Of Homes And Apartments:
4,123

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
25.30% 1.32% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Homeownership
Owners 57.17
Renters 42.83
Vacant 9.06

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 1.8
1970 - 1999 21.8
1940 - 1969 22.2
1939 or Older 54.3

Types of Homes

TYPE OF Columbia HOMES
Single-Family 23.9
Townhomes 43.8
Small Apt. Buildings 16.9
Apt. Complexes 15.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 3.53
1 Bedroom 15.97
2 Bedrooms 21.72
3 Bedrooms 40.98
4 Bedrooms 14.23
5 or more bedrooms 3.57