Columbia Heights, Minnesota Housing Market Prices
Columbia Heights Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 18% below the Minnesota median$195,015
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Median rent About the same as the Minnesota median$1,284
Housing Market Overview
| Metric | Columbia Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,015 | $236,718 | $248,835 |
| Price Trend (Annual %) | 13.2% | 6.6% | 7.5% |
| Median Gross Rent | $1,284 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Columbia Heights is about 18% lower than in Minnesota. Rent follows a similar pattern, running close to the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Columbia Heights, up about 13.2% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Columbia Heights rose about 44.9% between 2015 and 2024, from $886 to $1,284. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Columbia Heights.
Buying the median-priced home in Columbia Heights costs roughly 12.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Columbia Heights. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Columbia Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,015 | $236,718 | $248,835 |
| Median Household Income | $72,150 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Columbia Heights rose about 82.2%, while median household income rose about 35.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Columbia Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.2% | 65.5% | 58.5% |
| Rental Rate | 33.1% | 25.2% | 31.2% |
| Vacancy Rate | 4.7% | 9.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Columbia Heights has a homeownership rate of 62.2%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 4.7%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Columbia Heights | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1972 | 1976 | 1978 |
| Median Number of Rooms | 5.4 | 6.1 | 5.5 |
The typical housing unit in Columbia Heights was built around 1972. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Columbia Heights, MN Housing Compared With Nearby Cities
How Columbia Heights, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Columbia Heights, MN | 22,385 | $195,015 #2/2 | $1,284 #2/2 | 65.3% #1/2 |
| Fridley, MN | 30,321 | $338,304 | $1,326 | 63.0% |
Frequently Asked Questions
Common questions about the housing market in Columbia Heights, Minnesota.
What is the median home price in Columbia Heights, Minnesota?
The median home price in Columbia Heights, Minnesota is $195,015, lower than the Minnesota average of $236,718.
What is the average home price in Columbia Heights, Minnesota?
The typical home price in Columbia Heights, Minnesota, reported as the median sale price, is $195,015. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Columbia Heights, Minnesota?
The median gross rent in Columbia Heights, Minnesota is $1,284 per month, about the same as the Minnesota average.
What was the median gross rent in Columbia Heights in 2020?
In 2020, the median gross rent in Columbia Heights, Minnesota was $971 per month.
What is the price-to-rent ratio in Columbia Heights, Minnesota?
The price-to-rent ratio in Columbia Heights, Minnesota is about 12.7, meaning it would take roughly 12.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Columbia Heights.
Are home prices or rent rising faster in Columbia Heights, Minnesota?
Both home prices and rent are rising in Columbia Heights, up about 13.2% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Columbia Heights, Minnesota?
62.2% of households in Columbia Heights, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Columbia Heights, Minnesota?
The housing vacancy rate in Columbia Heights, Minnesota is 4.7%, lower than the Minnesota average of 9.3%.
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