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Columbus real estate market overview
- Average Monthly Rent: $1,077
- Home Price/Value Percentage Change: 6.80%
- Median Home Value: $149,518
- Best Time To Sell a Home: May
- Affordability Index: High
- Days To Sell a House: 58
- Job Market: Weak
- Public School Ranking: 36
Location and weather
Columbus can be found in the western part of Georgia near the Alabama state line. This vibrant city boasts a teeming downtown, strong business opportunity and rich cultural heritage. Often referred to as the Fountain City for the many fountains installed there in the early 20th century, Columbus proves it is more than just a historical city. Notable attractions such as the Springer Opera House, Callaway Gardens, the Columbus Museum, Oxbow Meadows and Providence Canyon are located here.
Columbus' weather consists of hot summers and short, cold winters. Throughout the seasons, temperatures typically vary from 30 to 90 degrees and there is often some rainfall.
Population, job market and cost of living
The city of Columbus has a population of 212,034, with a growth rate of 0.81% annually.
The job market has decreased by -4.00% over the last year. In ten years, job growth is predicted to be 31.88%. The Columbus job market is made up of major banking, insurance, and credit card companies. This city is also home to Columbus State University, Columbus Tech and Fort Benning Military Reservation. Combined, these support a large portion of the employment here.
As of 2022, Columbus was named the 4th top remote work city in the South region, which has been ideal for those who want to reside farther from their workplace or need to work from the comfort of their own home. Columbus is an affordable place to live, with very low housing costs and a lower cost of living average than the US and Georgia.
Columbus real estate market details
- Weracoba Heights
- Rosehill
- Club View/Hilton Heights
- City Center
- City Village
- Dinglewood
The average monthly rent in Columbus is $1,077 for an average apartment size of 1,113 sq. feet.
There has been an 6.8% increase in Columbus median home value over the last year. As of 2023, the median home value is $149,518.
On average, homes in Columbus sell after 58 days on the market.
Home sales during May can provide the highest valued sale, while home sales in January can provide the quickest sale.
The affordability index in Columbus is 76. This number indicates high affordability in this city.
The top ranked public schools are Eagle Ridge Academy, Clubview Elementary School, Hannan Elementary School, Blackmon Road Middle School, Columbus High School, and Northside High School. This information is supported by data measuring academic performance and equity.