Columbus, MT—59019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbus, MT
As of Oct '25, the median home price in Columbus, MT is $439,000, with a year-over-year change of 2.5%. This indicates that home prices in Columbus, MT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $439,000 | 2.5% |
| Single Family | $440,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $345,000 | 1.2% |
3 Bed | $463,000 | 2.4% |
4 Bed | $540,000 | 2.7% |
| 5 Bed | $561,000 | 4.7% |
% of Housing Stock
Rental Trends — Columbus, MT
As of July '25, Rentcast reports the average rent in Columbus, MT is $1,520, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Columbus, MT is 1-bedrooms: $1,500, 3-bedrooms: $1,550. The most common rental property sizes in Columbus, MT are 2-bedroom and 1-bedroom, accounting for 46.6% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Columbus, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbus, MT is 78. This is a increase of 15.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | -11.0% |
Listing Count | 25 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 78 | 15.0% |
Demographics — Columbus, MT
As of the latest ACS Survey released in 2023, Columbus, MT has a population of 4,270, which has decreased by -6.1% over the past 5 years. Columbus, MT is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,270 | -6.1% |
% Under 18 | 21.8% | -19.3% |
% Seniors | 21.4% | 29.7% |
% WFH | 5.1% | 41.7% |
% w/ College Degree | 27.5% | 11.3% |
As of the latest ACS Survey released in 2023, Columbus, MT is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Columbus, MT is hispanic, making up 4.0% of the population. Foreign-born residents account for 1.2% of the population in Columbus, MT, and this percentage has decreased by 33.3% 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 | 92.9% | 3.3% |
% Black | 0.2% | -50.0% |
% Hispanic | 4.0% | -25.9% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 1.2% | -33.3% |
Mortgage and Risk — Columbus, MT
According to HUD data as of 2023, there were 63 mortgage originations in Columbus, MT, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Columbus, MT. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Columbus, MT
Columbus, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$620 | $1,500 | $880 |
| 2 Bedroom | N/A | N/A | $1,160 |
| 3 Bedroom | $70 | $1,550 | $1,620 |
| 4 Bedroom | N/A | N/A | $1,950 |
Affordability — Columbus, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $439,000 |
| Median Household Income | $86,900 |