Columbia, TN—38401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbia, TN
As of Oct '25, the median home price in Columbia, TN is $364,000, with a year-over-year change of 0.8%. This indicates that home prices in Columbia, TN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 0.8% |
| Single Family | $365,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 0.0% |
3 Bed | $356,000 | 0.8% |
4 Bed | $476,000 | 0.8% |
| 5 Bed | $527,000 | 0.0% |
% of Housing Stock
Rental Trends — Columbia, TN
As of July '25, Rentcast reports the average rent in Columbia, TN is $1,850, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Columbia, TN is studios: $1,360, 1-bedrooms: $1,260, 2-bedrooms: $1,410, 3-bedrooms: $1,940, 4-bedrooms: $2,300. The most common rental property sizes in Columbia, TN are 2-bedroom and 3-bedroom, accounting for 45.8% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,850 |
| Studio Rent | $995 | $1,360 |
| 1 Bed Rent | $1,230 | $1,260 |
| 2 Bed Rent | $1,400 | $1,410 |
| 3 Bed Rent | $1,930 | $1,940 |
| 4 Bed Rent | $2,260 | $2,300 |
% of Rental Stock
Property Listings — Columbia, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbia, TN is 62. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -5.0% |
Listing Count | 597 | 34.0% |
| Listings as % of Homes | 1.0% | 34.0% |
Days on Market | 62 | 20.0% |
Demographics — Columbia, TN
As of the latest ACS Survey released in 2023, Columbia, TN has a population of 66,700, which has increased by 13.0% over the past 5 years. Columbia, TN is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,700 | 13.0% |
% Under 18 | 23.5% | -4.1% |
% Seniors | 16.6% | 8.5% |
% WFH | 13.9% | 239.0% |
% w/ College Degree | 24.4% | 22.6% |
As of the latest ACS Survey released in 2023, Columbia, TN is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Columbia, TN is black, making up 12.2% of the population. Foreign-born residents account for 3.7% of the population in Columbia, TN, and this percentage has decreased by 5.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.4% | -1.5% |
% Black | 12.2% | -19.2% |
% Hispanic | 9.0% | 38.5% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 3.7% | -5.1% |
Mortgage and Risk — Columbia, TN
According to HUD data as of 2023, there were 2003 mortgage originations in Columbia, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Columbia, TN. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,003 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Columbia, TN
As of 2024, the percent of homes in Columbia, TN under the Section 8 program is 11.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Columbia, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 846 |
Total Units Section 8 | 832 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,230 | $1,300 |
| 2 Bedroom | $60 | $1,400 | $1,460 |
| 3 Bedroom | -$90 | $1,930 | $1,840 |
| 4 Bedroom | -$20 | $2,260 | $2,240 |
Affordability — Columbia, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $364,000 |
| Median Household Income | $69,500 |