Columbus Home Prices & Values $97,600 Zillow Home Value Index 3.6% 1-year change 0.3% 1-year forecast Jan 2013 Feb 2014 Feb 2015 Market Temperature: Cool Buyers Market & Sellers Market The median home value in Columbus is $97,600. Columbus home values have gone up 3.6% over the past year and Zillow predicts they will rise 0.3% within the next year. The median list price per square foot in Columbus is $75, which is lower than the Columbus Metro average of $91. The median price of homes currently listed in Columbus is $104,900 while the median price of homes that sold is $122,125. The median rent price in Columbus is $800, which is lower than the Columbus Metro median of $895. Foreclosures will be a factor impacting home values in the next several years. In Columbus 12.9 homes are foreclosed (per 10,000). This is greater than the Columbus Metro value of 7.4 and also greater than the national value of 5.0 Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Columbus is 7.1%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Columbus homeowners underwater on their mortgage is 30.8%, which is higher than Columbus Metro at 21.6%. Columbus Demographics Population: 757,000 For Sale (3440) Recently Sold (32136) Columbus National Median Household Income: $37,897 $44,512 Single Males: 20.1% 14.6% Single Females: 18.2% 12.5% Median Age: 33 36 Homes With Kids: 24.1% 31.4% Average Household Size: 2.3 2.6 Average Commute Time (Minutes): 24 26
Posted on: Thu, 20 Mar 2014 06:37:40 +0000