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 10,086 people, 4,196 houses or apartments, and a median cost of homes of $265,515, Columbia City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Columbia City, accounting for 64.35% of the city's housing units. Other types of housing that are prevalent in Columbia City include large apartment complexes or high rise apartments ( 18.86%), mobile homes or trailers ( 6.78%), and a few row houses and other attached homes ( 5.96%).
The most prevalent building size and type in Columbia City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.74% owning and 39.26% renting.
There is a lot of housing in Columbia City 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 Columbia City built between 2000 and later ( 23.93%). A lesser amount of the housing stock also hails from before 1939 ( 21.61%). There's also some housing in Columbia City built between 1940-1969 ( 19.17%).
Appreciation rates for homes in Columbia City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.58%, which ranks in the top 40% nationwide. This equates to an annual average Columbia City house appreciation rate of 6.61%.
Appreciation rates are so strong in Columbia City that despite a nationwide downturn in the housing market, Columbia City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia City appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 92.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbia City. Columbia City appreciation rates in the latest quarter were at -2.78%, which equates to an annual appreciation rate of -10.65%.
Notably, Columbia City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Columbia City's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbia City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbia City - 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 City real estate investment or home purchase decisions.
$265,515
for Indiana
for nation
4,196
$1,330 / per month