Columbus, OH - House Price Index (HPI)
Columbus Real Estate Market Forecast  (OH)
The House Price Index (HPI) shows changes in Columbus, OH single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Columbus Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26904
2nd Quarter, 2017 Housing Statistics: Columbus, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Columbus housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Columbus is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Columbus is 89% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Columbus
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Columbus housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Columbus is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Columbus is 87% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Columbus
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Columbus, Ohio


Historical Home Price Appreciation
Last Quarter                                     5.57%
Last Year . . . . . . . . . . . . . . . . . . . .  9.2%
Last 5 Years                                     31%
Last 10 Years . . . . . . . . . . . . . . . . . 18%
Last 20 Years                                   66%



Annual Home Price Appreciation Rates
1987      6.75%
1988      6.26%
1989      4.47%
1990      3.44%
1991      4.43%
1992      3.71%
1993      3.93%
1994      5.32%
1995      4.92%
1996      4.03%
1997      4.25%
1998      4.55%
1999      3.21%
2000      4.86%
2001      4.87%
2002      3.67%
2003      4.29%
2004      3.99%
2005      3.25%
2006      0.22%
2007      -0.96%
2008      -2.38%
2009      -2.43%
2010      -0.78%
2011      -2.38%
2012      -0.20%
2013      2.74%
2014      4.87%
2015      5.97%
2016      6.17%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              5.57%         Rank: 24 of 381 (93rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.2%           Rank: 65 of 381 (83rd Percentile)
Last 5 Years                              31%            Rank: 107 of 381 (72nd Percentile)
Last 10 Years  . . . . . . . . . . . .   18%            Rank: 66 of 381 (82nd Percentile)
Last 20 Years                            66%            Rank: 258 of 379 (32nd Percentile)


The change in home prices for Columbus, OH are shown above for five time
periods. For example: Columbus appreciated 5.57% in the Last Quarter. At that
rate, the Columbus Real Estate Market was ranked 24th out of 381 metropolitan
Real Estate Markets. Columbus was in the 93rd percentile. So Columbus, OH
performed better in the Last Quarter than 93% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Columbus, Ohio

The all time high in the Columbus Home Price Index was 184.4 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Columbus Market is
up 18% over the last 10 years. Home prices in the Columbus Real Estate
Market have gained 9.20% over the last 12 months. Over the last thirty years, it
is up 160%.

The 2nd Quarter index value was 9.73 points higher than the 1st Quarter, 2017
index value of 174.64, resulting in a 5.57% rise in the 2nd Quarter for the
Columbus Market.

The Columbus Home Price Index has increased for the last 18 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, with
declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Columbus Real Estate
Market was 16% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Columbus Market was -5% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Columbus Real Estate Market over a
three year period was 21% in the three years ended with the 2nd Quarter of
1988. The worst performance over a three year period in the Columbus Market
was -8% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Columbus Home Price Index
(above). For information about Ohio home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Columbus Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Columbus Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Columbus Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
2nd Quarter, 2017 Housing Data: Columbus, Ohio

The trend of Columbus Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 2nd Quarter of 2017, Columbus Home Prices had a rank of 24, with
appreciation of 5.57%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Columbus Home Prices had a rank of 65, with
appreciation during the year of 9.20%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Columbus Home Prices
ranked 107, with a total appreciation of 30.7%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Columbus Home Prices
had a rank of 66, with appreciation during the decade of 18%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Columbus Home Prices
had a rank of 258, with total growth over the 20 year period of 66%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Columbus Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Columbus. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, November 15, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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