Columbia, IL—62236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbia, IL
As of Oct '25, the median home price in Columbia, IL is $334,000, with a year-over-year change of 6.2%. This indicates that home prices in Columbia, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 6.2% |
| Single Family | $339,000 | 5.9% |
| Condos | $212,000 | 14.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 10.7% |
3 Bed | $325,000 | 6.2% |
4 Bed | $424,000 | 4.4% |
| 5 Bed | $548,000 | 3.0% |
% of Housing Stock
Rental Trends — Columbia, IL
As of July '25, Rentcast reports the average rent in Columbia, IL is $2,340, with a year-over-year rent change of 105.3%. Per bedroom, the median rent as of July '25 in Columbia, IL is 1-bedrooms: $925, 2-bedrooms: $1,820. The most common rental property sizes in Columbia, IL are 2-bedroom and 3-bedroom, accounting for 72.0% and 16.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | $1,650 | $1,820 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Columbia, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbia, IL is 44. This is a increase of 8.0% 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 | $380,000 | 1.0% |
Listing Count | 25 | -23.0% |
| Listings as % of Homes | 0.2% | -23.0% |
Days on Market | 44 | 8.0% |
Demographics — Columbia, IL
As of the latest ACS Survey released in 2023, Columbia, IL has a population of 14,200, which has increased by 3.0% over the past 5 years. Columbia, IL is a popular place for families, as children make up 25.1% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | 3.0% |
% Under 18 | 25.1% | 4.6% |
% Seniors | 15.9% | -1.9% |
% WFH | 12.0% | 110.5% |
% w/ College Degree | 48.1% | 17.0% |
As of the latest ACS Survey released in 2023, Columbia, IL is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Columbia, IL is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.2% of the population in Columbia, IL, and this percentage has decreased by 50.0% 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 | 93.6% | -2.9% |
% Black | 0.7% | 250.0% |
% Hispanic | 2.4% | 41.2% |
% Asian | 0.2% | -81.8% |
% Foreign Born | 1.2% | -50.0% |
Mortgage and Risk — Columbia, IL
According to HUD data as of 2023, there were 237 mortgage originations in Columbia, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Columbia, IL. Investor activity is low, as 2.0% 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 | 237 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Columbia, IL
Columbia, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $925 | $970 |
| 2 Bedroom | -$450 | $1,650 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Columbia, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $334,000 |
| Median Household Income | $112,000 |