The housing market in Columbia, SC Metro Area is thriving. The median home value is $225,000, which is much lower than the US median of $338,100. The 1 year house appreciation rate was 8.27% nationally while it was 15.56% in Columbia, SC Metro Area - a clear indication of the relative strength of this market. With this increase in housing prices and other economic indicators pointing to the area’s growth potential, it is a great time to purchase a home or invest in Columbia.
The median home cost in Columbia Metro Area is $225,000. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Columbia Metro Area is up 19.9%.
Average Age of Homes
- The median age of Columbia Metro Area real estate is 31 years old
The Rental Market in Columbia Metro Area
- Renters make up 28.9% of the Columbia Metro Area population
- 1.5% of houses and apartments in Columbia 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.