The housing market in Columbia, MD has been performing well over the past year. The median value of all homes in the city is higher than the national median value by a significant amount at $441,800 compared to $338,100 respectively. Furthermore, the appreciation rate for houses in Columbia has been higher than the national average with a one year increase of 8.62% compared to a US average of 8.27%. This indicates that the housing market in Columbia, MD is strong and will likely continue to appreciate in value over time.
The median home cost in Columbia is $441,800. Home appreciation the last 10 years has been 49.5%. Home Appreciation in Columbia is up 10.6%.
Average Age of Homes
- The median age of Columbia real estate is 34 years old
The Rental Market in Columbia
- Renters make up 32.3% of the Columbia population
- 2.2% 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.