Columbia, Tennessee Housing Market Prices
Columbia 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 23% below the Tennessee median$196,818
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Median rent 2% below the Tennessee median$1,164
Housing Market Overview
| Metric | Columbia | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,818 | $255,786 | $248,835 |
| Price Trend (Annual %) | 20.2% | 9.9% | 7.5% |
| Median Gross Rent | $1,164 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Columbia is about 23% lower than in Tennessee. Rent is about 2% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Columbia, up about 20.2% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Columbia rose about 68.8% between 2015 and 2024, from $690 to $1,164. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Columbia.
Buying the median-priced home in Columbia costs roughly 14.1 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. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Columbia | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,818 | $255,786 | $248,835 |
| Median Household Income | $61,318 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Columbia rose about 183.4%, while median household income rose about 47.7% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 60.1% | 58.5% |
| Rental Rate | 32.8% | 29.7% | 31.2% |
| Vacancy Rate | 10.1% | 10.2% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Columbia has a homeownership rate of 57.1%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 10.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Columbia | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1973 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Columbia was built around 1973. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 10.0 years on average.
Columbia, TN Housing Compared With Nearby Cities
How Columbia, TN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Columbia, TN | 26,144 | $196,818 #2/2 | $1,164 #2/2 | 63.5% #2/2 |
| Spring Hill, TN | 45,602 | $607,154 | $1,821 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Columbia, Tennessee.
What is the median home price in Columbia, Tennessee?
The median home price in Columbia, Tennessee is $196,818, lower than the Tennessee average of $255,786.
What is the average home price in Columbia, Tennessee?
The typical home price in Columbia, Tennessee, reported as the median sale price, is $196,818. 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, Tennessee?
The median gross rent in Columbia, Tennessee is $1,164 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Columbia in 2020?
In 2020, the median gross rent in Columbia, Tennessee was $881 per month.
What is the price-to-rent ratio in Columbia, Tennessee?
The price-to-rent ratio in Columbia, Tennessee is about 14.1, meaning it would take roughly 14.1 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.
Are home prices or rent rising faster in Columbia, Tennessee?
Both home prices and rent are rising in Columbia, up about 20.2% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Columbia, Tennessee?
57.1% of households in Columbia, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Columbia, Tennessee?
The housing vacancy rate in Columbia, Tennessee is 10.1%, lower than the Tennessee average of 10.2%.
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