Columbus, MI—48063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbus, MI
As of Oct '25, the median home price in Columbus, MI is $339,000, with a year-over-year change of -0.5%. This indicates that home prices in Columbus, MI are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | -0.5% |
| Single Family | $339,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $280,000 | 2.2% |
3 Bed | $341,000 | 1.8% |
4 Bed | $402,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Columbus, MI
As of July '25, Rentcast reports the average rent in Columbus, MI is $1,250, with a year-over-year rent change of 78.8%. Per bedroom, the median rent as of July '25 in Columbus, MI is 3-bedrooms: $1,250. The most common rental property sizes in Columbus, MI are 3-bedroom and 5+ bedroom, accounting for 90.8% and 5.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Columbus, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbus, MI is 42. This is a decrease of -47.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | -15.0% |
Listing Count | 10 | 30.0% |
| Listings as % of Homes | 0.3% | 30.0% |
Days on Market | 42 | -47.0% |
Demographics — Columbus, MI
As of the latest ACS Survey released in 2023, Columbus, MI has a population of 4,110, which has increased by 2.0% over the past 5 years. Columbus, MI is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,110 | 2.0% |
% Under 18 | 25.9% | 31.5% |
% Seniors | 14.7% | 2.8% |
% WFH | 10.5% | 320.0% |
% w/ College Degree | 30.8% | 77.0% |
As of the latest ACS Survey released in 2023, Columbus, MI is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Columbus, MI is black, making up 1.4% of the population. Foreign-born residents account for 1.2% of the population in Columbus, MI, and this percentage has decreased by 78.9% 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 | 92.4% | -0.5% |
% Black | 1.4% | -58.8% |
% Hispanic | 0.3% | -81.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -78.9% |
Mortgage and Risk — Columbus, MI
According to HUD data as of 2023, there were 70 mortgage originations in Columbus, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Columbus, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Columbus, MI
Columbus, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | $270 | $1,250 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Columbus, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $339,000 |
| Median Household Income | $91,600 |