The housing market in Columbia, MO is thriving, as evidenced by the median value of $269,200. Compared to the US house median value of $338,100, it is noticeable that this market is attractive to home buyers. The 1 year appreciation rate for houses in Columbia is 10.77%, which is higher than the US average of 8.27%. This shows that the housing market in Columbia has been growing steadily in recent months and is likely to continue to increase in value over the coming years.
The median home cost in Columbia is $269,200. Home appreciation the last 10 years has been 67.1%. Home Appreciation in Columbia is up 15.2%.
Average Age of Homes
- The median age of Columbia real estate is 28 years old
The Rental Market in Columbia
- Renters make up 47.6% of the Columbia population
- 4.1% of houses and apartments in Columbia, 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.