Columbia Heights, MN—55421
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbia Heights, MN
As of Oct '25, the median home price in Columbia Heights, MN is $295,000, with a year-over-year change of 1.6%. This indicates that home prices in Columbia Heights, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 1.6% |
| Single Family | $302,000 | 1.3% |
| Condos | $167,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $180,000 | 0.0% |
2 Bed | $252,000 | 1.6% |
3 Bed | $299,000 | 1.7% |
4 Bed | $338,000 | 1.2% |
| 5 Bed | $376,000 | 1.3% |
% of Housing Stock
Rental Trends — Columbia Heights, MN
As of July '25, Rentcast reports the average rent in Columbia Heights, MN is $1,510, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Columbia Heights, MN is studios: $843, 1-bedrooms: $1,120, 2-bedrooms: $1,460, 3-bedrooms: $2,020, 4-bedrooms: $2,570. The most common rental property sizes in Columbia Heights, MN are 1-bedroom and 2-bedroom, accounting for 40.1% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,510 |
| Studio Rent | $835 | $843 |
| 1 Bed Rent | $1,020 | $1,120 |
| 2 Bed Rent | $1,400 | $1,460 |
| 3 Bed Rent | $1,960 | $2,020 |
| 4 Bed Rent | $2,500 | $2,570 |
% of Rental Stock
Property Listings — Columbia Heights, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbia Heights, MN is 32. This is a increase of 11.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $302,000 | -3.0% |
Listing Count | 77 | 3.0% |
| Listings as % of Homes | 0.2% | 3.0% |
Days on Market | 32 | 11.0% |
Demographics — Columbia Heights, MN
As of the latest ACS Survey released in 2023, Columbia Heights, MN has a population of 31,100, which has increased by 10.9% over the past 5 years. Columbia Heights, MN is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | 10.9% |
% Under 18 | 22.2% | 7.8% |
% Seniors | 15.7% | -2.5% |
% WFH | 16.8% | 572.0% |
% w/ College Degree | 34.3% | 27.5% |
As of the latest ACS Survey released in 2023, Columbia Heights, MN is a predominantly white area, with 51.6% of the population identifying as white. The white population has shrunk by 14.9% in the last 5 years. The second most common race or ethnicity in Columbia Heights, MN is black, making up 23.6% of the population. Foreign-born residents account for 21.7% of the population in Columbia Heights, MN, and this percentage has increased by 14.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.6% | -14.9% |
% Black | 23.6% | 39.6% |
% Hispanic | 13.8% | 19.0% |
% Asian | 5.0% | -12.3% |
% Foreign Born | 21.7% | 14.8% |
Mortgage and Risk — Columbia Heights, MN
According to HUD data as of 2023, there were 459 mortgage originations in Columbia Heights, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Columbia Heights, MN. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 459 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Columbia Heights, MN
As of 2024, the percent of homes in Columbia Heights, MN under the Section 8 program is 10.1%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Columbia Heights, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 538 |
Total Units Section 8 | 495 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,020 | $1,230 |
| 2 Bedroom | $100 | $1,400 | $1,500 |
| 3 Bedroom | $40 | $1,960 | $2,000 |
| 4 Bedroom | -$260 | $2,500 | $2,240 |
Affordability — Columbia Heights, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $295,000 |
| Median Household Income | $75,100 |