Columbus, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, TX 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

Columbus Housing Market Information

With 3,629 people, 1,440 houses or apartments, and a median cost of homes of $168,016, 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 80.57% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 10.76%), mobile homes or trailers ( 3.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.00%).

The most prevalent building size and type in Columbus are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.46% owning and 36.54% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Columbus's housing was primarily built during this period, from the '40s through the '60s. A full 44.42% of the city's housing hails from this era. Other housing ages represented in Columbus include homes built between 1970-1999 ( 38.47%) and housing constructed before 1939 ( 9.52%). There's also some housing in Columbus built between 2000 and later ( 7.59%).

Vacant housing appears to be an issue in Columbus. Fully 18.41% 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.

Columbus Home Appreciation Rates

In the last 10 years, Columbus has experienced some of the highest home appreciation rates of any community in the nation. Columbus real estate appreciated 27.62% over the last ten years, which is an average annual home appreciation rate of 2.47%, putting Columbus in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Columbus definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Columbus's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Columbus's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Columbus's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$168,016

Columbus, TX HOME PRICES

Value Range
> $1,143,000 2.3
$857,001 - $1,143,000 0.2
$571,001 - $857,000 1.6
$457,001 - $571,000 0.0
$343,001 - $457,000 15.2
$228,001 - $343,000 13.2
$114,001 - $228,000 33.9
$57,001 - $114,000 17.3
$0 - $57,000 16.3

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
42.4000937536623 25.875486381323

Number Of Homes And Apartments:
1,440

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
85.22% 3.64% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 63.46
Renters 36.54
Vacant 18.41

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 7.6
1970 - 1999 38.5
1940 - 1969 44.4
1939 or Older 9.5

Types of Homes

TYPE OF Columbus HOMES
Single-Family 80.6
Townhomes 2.0
Small Apt. Buildings 3.0
Apt. Complexes 10.8
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.38
1 Bedroom 8.27
2 Bedrooms 36.03
3 Bedrooms 48.05
4 Bedrooms 4.59
5 or more bedrooms 0.68

Popular Neighborhoods in Columbus

Zip Codes in Columbus, TX