West Columbia, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Columbia, 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

West Columbia Housing Market Information

With 3,935 people, 1,436 houses or apartments, and a median cost of homes of $138,352, house prices in West Columbia are solidly below the national average.

Single-family detached homes are the single most common housing type in West Columbia, accounting for 77.07% of the city's housing units. Other types of housing that are prevalent in West Columbia include large apartment complexes or high rise apartments ( 15.45%), duplexes, homes converted to apartments or other small apartment buildings ( 4.41%), and a few mobile homes or trailers ( 2.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Columbia. Owner-occupied housing accounts for 68.26% of West Columbia's homes, and 63.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West 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 West Columbia built between 1940-1969 ( 38.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 1.66%). There's also some housing in West Columbia built before 1939 ( 1.10%).

Vacant housing appears to be an issue in West Columbia. Fully 11.96% of the housing stock is classified as vacant. Left unchecked, vacant West Columbia homes and apartments can be a drag on the real estate market, holding West Columbia 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.

West Columbia Home Appreciation Rates

In the last 10 years, West Columbia has experienced some of the highest home appreciation rates of any community in the nation. West Columbia real estate appreciated 34.94% over the last ten years, which is an average annual home appreciation rate of 3.04%, putting West Columbia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Columbia 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 West Columbia that despite a nationwide downturn in the housing market, West Columbia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Columbia appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 79.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Columbia. West Columbia appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$138,352

West Columbia, TX HOME PRICES

Value Range
> $1,208,000 0.0
$906,001 - $1,208,000 0.0
$604,001 - $906,000 0.9
$483,001 - $604,000 0.0
$363,001 - $483,000 3.4
$241,001 - $363,000 14.0
$121,001 - $241,000 38.5
$60,001 - $121,000 23.8
$0 - $60,000 19.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
55.5490448845658 38.6186770428016

Number Of Homes And Apartments:
1,436

West Columbia 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
70.64% 3.15% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,130 / per month

Homeownership Rate

Homeownership
Owners 68.26
Renters 31.74
Vacant 11.96

Housing Market Details

 

Age of Homes

AGE OF West Columbia HOMES
2000 or Newer 1.7
1970 - 1999 58.7
1940 - 1969 38.6
1939 or Older 1.1

Types of Homes

TYPE OF West Columbia HOMES
Single-Family 77.1
Townhomes 0.7
Small Apt. Buildings 4.4
Apt. Complexes 15.5
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF West Columbia HOMES
No Bedroom 0.92
1 Bedroom 9.50
2 Bedrooms 25.26
3 Bedrooms 56.35
4 Bedrooms 7.17
5 or more bedrooms 0.80

Popular Neighborhoods in West Columbia

Zip Codes in West Columbia, TX