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Columbia real estate market overview
- Average Monthly Rent: $1,366
- Home Price/Value Percentage Change: 10.30%
- Median Home Value: $215,376
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 45
- Job Market: Weak
- Public School Ranking: 46
Location and weather
Columbia is located in Richmond County. Also known as "The Capital of Southern Hospitality", Columbia is both the capital and largest city in South Carolina. This city lies near the Saluda River and the Broad River, making it the perfect place to enjoy the outdoors near the water. Some of the large attractions here include the Columbia Museum of Art, Riverbanks Zoo, EdVenture, Congaree National Park, Finlay Park and Colonial Life Arena.
Columbia's weather consists of hot summers and cool to mild winters. It is partly-cloudy year round, and temperatures rarely get higher around 90 degrees.
Population, job market and cost of living
The population in Columbia is 138,840 people, with a growth rate of 0.53% annually.
The job market has decreased by -1.90% over the last year. In ten years, job growth is predicted to be 27.44%. One of the largest industries in Columbia is manufacturing, with a specialty in automobile, aerospace, and engineering materials. Industries that employ the most people include state government, health care, public schools, universities and South Carolina Electric & Gasoline.
The cost of living in this city is lower than South Carolina and the US average cost of living. Overall, this is a more affordable city to live in when considering the city's size. Housing is one of the most affordable necessities in Columbia.
Columbia real estate market details
- Main Street District
- Shandon
- Elmwood Park
- Congaree Vista
- Rosewood
- Elmwood Park
The average monthly rent in Columbia is $1,366 for an average apartment size of 1,007 sq. feet.
There has been a 10.3% increase in median home value over the last year. As of 2023, the median home value is $215,376.
On average, homes in Columbia sell after 45 days on the market.
Home sales in the month of April go for the highest prices, while home sales in September prove to be the fastest sales.
The affordability index in Columbia is 85. This number indicates moderate affordability in this city.
The top ranked public schools are Brockman Elementary, Rosewood Elementary, Crayton Middle, Midlands Arts Conservatory, Dreher High and Spring Valley High. This information is based on general educator statistics, school attendance, and the US Department of Education.