Columbia, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Columbia Neighborhoods Since 2000




Columbia, TN 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 36,800, 14,075 total housing units (homes and apartments), and a median house value of $133,765, house prices in Columbia are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbia, accounting for 66.02% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 12.64%), duplexes, homes converted to apartments or other small apartment buildings ( 11.35%), and a few row houses and other attached homes ( 5.02%).

The most prevalent building size and type in Columbia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.63% owning and 45.37% renting.

There is a lot of housing in Columbia 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 Columbia built between 1940-1969 ( 33.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.18%). There's also some housing in Columbia built before 1939 ( 9.16%).

Columbia Home Appreciation Rates

Appreciation rates for homes in Columbia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.19%, which ranks in the top 30% nationwide. This equates to an annual average Columbia house appreciation rate of 1.07%.

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 7.94%, which is higher than appreciation rates in 86.46% 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 2.76%, which equates to an annual appreciation rate of 11.51%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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.

Average Home Values

 

Median Home Value:
$133,765

Columbia, TN HOME PRICES

Value Range
> $1,238,000 0.2
$929,001 - $1,238,000 0.3
$619,001 - $929,000 0.7
$495,001 - $619,000 0.4
$372,001 - $495,000 3.0
$247,001 - $372,000 11.0
$124,001 - $247,000 45.7
$62,001 - $124,000 28.8
$0 - $62,000 9.9

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
57.7844837688972 39.7959183673469

Number Of Homes And Apartments:
14,075

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
38.44% 1.90% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$957 / per month

Homeownership Rate

Homeownership
Owners 54.63
Renters 45.37
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Columbia HOMES
2000 or Newer 11.2
1970 - 1999 46.0
1940 - 1969 33.6
1939 or Older 9.2

Types of Homes

TYPE OF Columbia HOMES
Single-Family 66.0
Townhomes 5.0
Small Apt. Buildings 11.3
Apt. Complexes 12.6
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Columbia HOMES
No Bedroom 2.20
1 Bedroom 7.11
2 Bedrooms 30.96
3 Bedrooms 47.18
4 Bedrooms 10.94
5 or more bedrooms 1.61