Columbus, GA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Columbus, GA Housing Market Trends

With a population of 195,769, 72,759 total housing units (homes and apartments), and a median house value of $154,575, house prices in Columbus are solidly below the national average.

Single-family detached homes are the single most common housing type in Columbus, accounting for 65.02% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 23.27%), duplexes, homes converted to apartments or other small apartment buildings ( 8.30%), and a few row houses and other attached homes ( 2.12%).

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 46.28% owning and 53.72% renting.

There is a lot of housing in Columbus 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 Columbus built between 1940-1969 ( 33.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.51%). There's also some housing in Columbus built before 1939 ( 5.33%).

Vacant housing appears to be an issue in Columbus. Fully 14.12% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Columbus, where house values have increased just 16.81%, which is annualized rate of 1.57%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Columbus appreciation rates have trailed the rest of the nation. In the last twelve months, Columbus's appreciation rate has been 8.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbus were at 3.29%, which equates to an annual appreciation rate of 13.82%.

Relative to Georgia, our data show that Columbus's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - 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 Columbus real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$154,575

Columbus, GA HOME PRICES

> $1,216,000
0.6%
0.6%
$913,001 - $1,216,000
0.6%
0.6%
$608,001 - $913,000
1.7%
1.7%
$487,001 - $608,000
1.2%
1.2%
$365,001 - $487,000
4.4%
4.4%
$243,001 - $365,000
14.5%
14.5%
$122,001 - $243,000
36.6%
36.6%
$61,001 - $122,000
28.6%
28.6%
$0 - $61,000
11.8%
11.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
72,759

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
38.52% 1.53%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,273 / per month

Homeownership Rate

Owners
46.3%
46.3%
Renters
53.7%
53.7%
Vacant
14.1%
14.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
39.7%
39.7%
1940 - 1969
33.5%
33.5%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.0%
65.0%
Townhomes
2.1%
2.1%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
23.3%
23.3%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
10.8%
10.8%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
43.5%
43.5%
4 Bedrooms
15.9%
15.9%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES