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These days, finding an affordable place to live in the Columbia area can be challenging. Home prices in Columbia are now at a median cost of $247,829, lower than the South Carolina average of $296,593.
The average cost of rent is $1,285/mo in Columbia, primarily driven by the current value of real estate in the Columbia area. In Columbia, 30.61% of households rent, and 38.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Columbia is $6,339 per month. Households that rent pay about 20.27% of their income on rent here. Columbia’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arcadia Lakes, SC: higher priced homes
- Forest Acres, SC: higher priced homes
- Dentsville, SC: less expensive homes
- Woodfield, SC: less expensive homes
- Hollywood Hills, SC: equally priced homes
- Killian, SC: higher priced homes
- Olympia, SC: less expensive homes
- St. Andrews, SC: less expensive homes
- Cayce, SC: less expensive homes
- Seven Oaks, SC: less expensive homes
Cities with Similar Populations
- Lake Charles, LA: higher priced homes
- Largo, FL: higher priced homes
- Laredo, TX: less expensive homes
- Las Cruces, NM: equally priced homes
- Huntington Beach, CA: higher priced homes
- Hesperia, CA: higher priced homes
- Honolulu, HI: higher priced homes
- Hemet, CA: higher priced homes
- Hoover, AL: higher priced homes
- Harrisburg, PA: equally priced homes
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