Columbia, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbia, PA Real Estate Data


Columbia Housing Market Information

With a population of 10,388, 4,133 total housing units (homes and apartments), and a median house value of $113,729, 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 43.49% of the borough's housing units. Other types of housing that are prevalent in Columbia include single-family detached homes ( 25.38%), duplexes, homes converted to apartments or other small apartment buildings ( 16.22%), and a few large apartment complexes or high rise apartments ( 14.38%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 58.12% owning and 41.88% renting.

The housing in Columbia was primarily built before 1939 ( 54.67%), 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 ( 22.52%), followed by between 1970-1999 ( 20.81%). There's also some housing in Columbia built between 2000 and later ( 2.00%).

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 -0.11% during the period.

Over the last year, Columbia appreciation rates have trailed the rest of the nation. In the last twelve months, Columbia's appreciation rate has been 4.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbia were at 3.22%, which equates to an annual appreciation rate of 13.53%.

Importantly, this makes Columbia one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Columbia's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$113,729

Columbia, PA HOME PRICES

Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.0
$538,001 - $807,000 0.0
$430,001 - $538,000 0.4
$323,001 - $430,000 0.8
$215,001 - $323,000 4.5
$107,001 - $215,000 46.8
$54,001 - $107,000 43.9
$0 - $54,000 3.6

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
69.9918018387305 69.3719806763285

Number Of Homes And Apartments:
4,133

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 58.12
Renters 41.88
Vacant 9.26

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 2.0
1970 - 1999 20.8
1940 - 1969 22.5
1939 or Older 54.7

Types of Homes

TYPE OF Columbia HOMES
Single-Family 25.4
Townhomes 43.5
Small Apt. Buildings 16.2
Apt. Complexes 14.4
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 2.99
1 Bedroom 14.80
2 Bedrooms 23.58
3 Bedrooms 41.60
4 Bedrooms 13.30
5 or more bedrooms 3.73

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
29.79% 1.55% 2 3
* 10 is highest