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 10,126 people, 4,515 houses or apartments, and a median cost of homes of $192,682, house prices in Columbia are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Columbia, accounting for 39.49% of the borough's housing units. Other types of housing that are prevalent in Columbia include single-family detached homes ( 24.57%), large apartment complexes or high rise apartments ( 23.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.68%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
People in Columbia primarily live in small (one, two or no bedroom) row houses and other attached homes. Columbia has a mixture of owner-occupied and renter-occupied housing.
The housing in Columbia was primarily built before 1939 ( 53.97%), making the housing stock in Columbia some of the oldest overall in America, although there is a range of ages of homes in Columbia. The next most important housing age is between 1940-1969 ( 25.22%), followed by between 1970-1999 ( 19.51%). There's also some housing in Columbia built between 2000 and later ( 1.30%).
Real estate appreciation rates in Columbia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.
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 5.10%, 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 3.45%, which equates to an annual appreciation rate of 14.52%.
Importantly, this makes Columbia one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Columbia's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Columbia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Columbia real estate investment or home purchase decisions.
$192,682
for Pennsylvania
for nation
4,515
$1,502 / per month