Columbia, MD 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 Q4 2020. 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

Columbia, MD Housing Market Trends

With 107,318 people, 40,396 houses or apartments, and a median cost of homes of $417,540, real estate costs in Columbia are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Columbia, accounting for 38.46% of the town's housing units. Other types of housing that are prevalent in Columbia include large apartment complexes or high rise apartments ( 32.08%), row houses and other attached homes ( 27.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.98%).

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 65.06% of Columbia's homes, and 57.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Columbia 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 built between 1940-1969 ( 11.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.00%).

Columbia Home Appreciation Rates

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 1.71%, which is lower than 70% 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 4.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbia were at 1.91%, which equates to an annual appreciation rate of 7.88%.

Relative to Maryland, our data show that Columbia's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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.

Average Home Values

 

Median Home Value:
$417,540

Columbia, MD HOME PRICES

> $1,107,000
0.6%
0.6%
$830,001 - $1,107,000
4.3%
4.3%
$553,001 - $830,000
16.8%
16.8%
$443,001 - $553,000
20.6%
20.6%
$332,001 - $443,000
29.1%
29.1%
$221,001 - $332,000
19.1%
19.1%
$111,001 - $221,000
7.0%
7.0%
$55,001 - $111,000
0.7%
0.7%
$0 - $55,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
40,396

Columbia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
105.51% 3.49%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,374 / per month

Homeownership Rate

Owners
65.1%
65.1%
Renters
34.9%
34.9%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.0%
11.0%
1970 - 1999
76.3%
76.3%
1940 - 1969
11.7%
11.7%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.5%
38.5%
Townhomes
27.4%
27.4%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
32.1%
32.1%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
13.0%
13.0%
2 Bedrooms
20.0%
20.0%
3 Bedrooms
32.3%
32.3%
4 Bedrooms
25.6%
25.6%
5 or more bedrooms
7.6%
7.6%
0.0% 100.0%
% OF HOMES