The housing market in Columbia, SD is booming. The median value of a home in the city stands at $161,500, significantly lower than the US average of $338,100. Despite this gap in prices, the one-year rate of appreciation for homes in Columbia is an impressive 14.45%, more than double the national average of 8.27%. This trend indicates that housing in Columbia is a great investment opportunity and those looking to buy property should take advantage of it quickly before prices rise even further.
The median home cost in Columbia is $161,500. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Columbia is up 17.2%.
Average Age of Homes
- The median age of Columbia real estate is 60 years old
The Rental Market in Columbia
- Renters make up 18.0% 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.