Housing in the Columbus, GA Metro Area is very affordable and has seen a significant increase in appreciation over the past year. According to data on the median house value, it is currently at $160,100 which is significantly lower than the US median house value of $338,100. The US 1 year house appreciation rate is 8.27%, whereas for Columbus Metro Area, it stands at 15.39%. This means that houses in this area have increased significantly in value over the past year and are likely to continue to do so in the future. The relatively low housing costs and high appreciation rate make it an attractive place to buy or rent a home, making it an ideal option for people looking for affordable housing.
The median home cost in Columbus Metro Area is $160,100. Home appreciation the last 10 years has been 53.7%. Home Appreciation in Columbus Metro Area is up 13.9%.
Average Age of Homes
- The median age of Columbus Metro Area real estate is 37 years old
The Rental Market in Columbus Metro Area
- Renters make up 37.7% of the Columbus Metro Area population
- 2.9% of houses and apartments in Columbus Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.