Home Values

Columbia Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$119,900

  • 0.2% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Columbia Metro is $119,900. Columbia Metro home values have gone up 0.2% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Columbia Metro is $85, which is lower than the South Carolina average of $102. The median price of homes currently listed in Columbia Metro is $159,990 while the median price of homes that sold is $125,915. The median rent price in Columbia Metro is $1,050, which is lower than the South Carolina median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Columbia Metro 8.3 homes are foreclosed (per 10,000). This is greater than the South Carolina value of 5.0 and also greater than the national value of 3.9

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 Columbia Metro is 7.3%, which is higher than the national value of 6.3%. 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 Columbia Metro homeowners underwater on their mortgage is 20.5%, which is higher than South Carolina at 16.4%.

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Relative ZHVI
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Columbia Metro Market Overview

Data through Feb 28, 2015
  • $119,900 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $159,990 Median listing price
  • $125,915 Median sale price
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Columbia Metro Market Health

Data through Feb 28, 2015
  • 1.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 20.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

8.3 homes Columbia Metro
5 homes South Carolina
3.9 homes United States
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Cities in Columbia Metro

Name Median ZHVI
Chapin $184,200
Lexington $136,800
Seven Oaks $122,000
Name Median ZHVI
Gilbert $117,400
West Columbia $103,500
Lugoff $99,200
Name Median ZHVI
Cayce $92,300
Camden $91,800
Gaston $83,700

Listings & Sales

Data through Feb 28, 2015
  • $85 Median list price / sq ft
  • $80 Median sale price / sq ft
  • 12.4% Listings with price cut
34.8%
Sold below listing
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Columbia Metro Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,117 Columbia Metro
    $1,142 South Carolina
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,050 Rent list price
  • $0.74 Rent list price / sq ft
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