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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,970, 4,340 total housing units (homes and apartments), and a median house value of $434,739, Columbia real estate is some of the most expensive in Illinois, although Columbia home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Columbia, accounting for 80.36% of the city's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 10.60%), row houses and other attached homes ( 4.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.46%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Columbia. Owner-occupied housing accounts for 81.08% of Columbia's homes, and 65.02% have either three or four bedrooms, which is average sized relative to America.
Columbia homes and real estate are some of the newest in America. 37.35% of Columbia's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Columbia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.58%), and between 1940-1969 ( 21.43%). There's also some housing in Columbia built before 1939 ( 5.64%).
Columbia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Columbia during the period has been just 4.63%, which is lower than 80% of US communities.
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 4.79%, 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 1.09%, which equates to an annual appreciation rate of 4.45%.
Relative to Illinois, our data show that Columbia's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$434,739
for Illinois
for nation
4,340
$1,609 / per month