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 6,713 people, 3,238 houses or apartments, and a median cost of homes of $240,588, house prices in Columbiana are solidly below the national average.
Single-family detached homes are the single most common housing type in Columbiana, accounting for 44.37% of the city's housing units. Other types of housing that are prevalent in Columbiana include row houses and other attached homes ( 20.99%), duplexes, homes converted to apartments or other small apartment buildings ( 15.47%), and a few large apartment complexes or high rise apartments ( 11.23%).
People in Columbiana primarily live in small (one, two or no bedroom) single-family detached homes. Columbiana has a mixture of owner-occupied and renter-occupied housing.
Columbiana homes and real estate are some of the newest in America. 29.80% of Columbiana'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 Columbiana real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.71%), and between 1940-1969 ( 27.68%). There's also some housing in Columbiana built before 1939 ( 12.81%).
Real estate appreciation rates in Columbiana's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.96% during the period.
Appreciation rates are so strong in Columbiana that despite a nationwide downturn in the housing market, Columbiana real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbiana appreciation rates continue to be some of the highest in America, at 9.42%, which is higher than appreciation rates in 83.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbiana. Columbiana appreciation rates in the latest quarter were at 1.21%, which equates to an annual appreciation rate of 4.93%.
Relative to Ohio, our data show that Columbiana's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
$240,588
for Ohio
for nation
3,238
$989 / per month