Housing in Columbia, NJ is an attractive option for many homebuyers due to its median house value being significantly lower than the US median value. The median housing value in Columbia, NJ is $295,400 while the US median house value is $338,100. This difference of almost $43,000 makes Columbia an affordable and attractive option. In addition, the 1 year house appreciation rate in Columbia is 10.13%, which is higher than the US average of 8.27%. This means that those purchasing property now are likely to see a larger return on investment when they sell or refinance further down the line.
The median home cost in Columbia is $295,400. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Columbia is up 14.2%.
Average Age of Homes
- The median age of Columbia real estate is 61 years old
The Rental Market in Columbia
- Renters make up 37.8% of the Columbia population
- 0.0% 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.