Columbus, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Columbus, TX Real Estate Data


Columbus Housing Market Information

With a population of 3,629, 1,310 total housing units (homes and apartments), and a median house value of $200,422, Columbus real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Columbus, accounting for 82.11% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 11.49%), duplexes, homes converted to apartments or other small apartment buildings ( 2.96%), and a few mobile homes or trailers ( 1.84%).

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 62.96% owning and 37.04% 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 47.45% of the city's housing hails from this era. Other housing ages represented in Columbus include homes built between 1970-1999 ( 36.32%) and housing constructed before 1939 ( 11.73%). There's also some housing in Columbus built between 2000 and later ( 4.50%).

Vacant housing appears to be an issue in Columbus. Fully 22.39% 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 56.21% over the last ten years, which is an average annual home appreciation rate of 4.56%, 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.

Appreciation rates are so strong in Columbus that despite a nationwide downturn in the housing market, Columbus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbus appreciation rates continue to be some of the highest in America, at 6.28%, which is higher than appreciation rates in 77.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbus. Columbus appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Columbus 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 Texas, our data show that Columbus's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$200,422

Columbus, TX HOME PRICES

Value Range
> $1,215,000 3.4
$911,001 - $1,215,000 2.6
$607,001 - $911,000 2.8
$486,001 - $607,000 0.3
$365,001 - $486,000 12.7
$243,001 - $365,000 15.6
$122,001 - $243,000 29.5
$61,001 - $122,000 18.5
$0 - $61,000 14.8

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
33.0151665983487 18.6407766990291

Number Of Homes And Apartments:
1,310

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 62.96
Renters 37.04
Vacant 22.39

Housing Market Details

 

Age of Homes

AGE OF Columbus HOMES
2000 or Newer 4.5
1970 - 1999 36.3
1940 - 1969 47.5
1939 or Older 11.7

Types of Homes

TYPE OF Columbus HOMES
Single-Family 82.1
Townhomes 1.6
Small Apt. Buildings 3.0
Apt. Complexes 11.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Columbus HOMES
No Bedroom 2.49
1 Bedroom 12.44
2 Bedrooms 31.04
3 Bedrooms 47.45
4 Bedrooms 5.69
5 or more bedrooms 0.89

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
98.36% 4.11% 9 10
* 10 is highest

Popular Neighborhoods in Columbus

Zip Codes in Columbus, TX