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Columbus, OH - House Price Index (HPI) - 32 Year Chart
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Columbus Real Estate Market Forecast (OH)
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The House Price Index (HPI) shows changes in Columbus, OH single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Wednesday, April 18, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Columbus Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 10140
4th Quarter, 2011 Housing Statistics: Columbus, Ohio
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 91%
Forecast-Chart.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 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Columbus is 91%. In other words, when tested against
historical data, the forecasting methodology was correct 91% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Columbus is 91% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Columbus Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 91%
The forecast for the trend in the Columbus housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Columbus is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Columbus is 91% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Columbus
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Columbus, Ohio
Historical Home Price Appreciation
Last Quarter 0.32%
Last Year . . . . . . . . . . . . . . . . . . . . -2.0%
Last 5 Years -6%
Last 10 Years . . . . . . . . . . . . . . . . . 9%
Last 20 Years 67%
Decline From All Time High 6.41%
Annual Home Price Appreciation Rates
1982 5.96%
1983 -0.56%
1984 1.86%
1985 4.60%
1986 6.49%
1987 6.85%
1988 6.21%
1989 4.46%
1990 3.47%
1991 4.41%
1992 3.72%
1993 3.89%
1994 5.27%
1995 4.82%
1996 3.94%
1997 4.28%
1998 4.55%
1999 3.08%
2000 4.82%
2001 5.01%
2002 3.70%
2003 4.07%
2004 4.14%
2005 3.07%
2006 0.38%
2007 -0.58%
2008 -1.73%
2009 -1.76%
2010 -0.32%
2011 -1.98%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.32% Rank: 175 of 381 (54th Percentile)
Last Year . . . . . . . . . . . . . . . . -2.0% Rank: 162 of 381 (57th Percentile)
Last 5 Years -6% Rank: 188 of 381 (50th Percentile)
Last 10 Years . . . . . . . . . . . . 9% Rank: 321 of 381 (15th Percentile)
Last 20 Years 67% Rank: 270 of 355 (24th Percentile)
Decline From All Time High 6.41%
Home Price appreciation rates for Columbus, OH are shown above for five time
periods. For example: Columbus appreciated 0.32% in the Last Quarter. At that
rate, the Columbus Real Estate Market was ranked 175th out of 381
metropolitan areas for Real Estate Appreciation. Columbus was in the 54th
percentile. So Columbus, OH performed better in the Last Quarter than 54% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Columbus, Ohio
The all time high in the Columbus Home Price Index was 156.9 in the 1st
Quarter, of 2007. The 4th Quarter, 2011 index value was 146.9. That's a
decline of 10.05 points or 6.41% below the Columbus Home Price Index all time
high. The Home Price Index indicates that the Columbus Market is up 9% over
the last 10 years. Home Prices in the Columbus Real Estate Market have lost
1.98% over the last 12 months. Over the last thirty years, it is up 155%.
The 4th Quarter index value was 0.47 points higher than the 3rd Quarter, 2011
index value of 146.38, resulting in a 0.32% rise in the 4th Quarter for the
Columbus Market.
The Columbus Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 4 consecutive quarters. The current record
holder for consecutive declines in the Home Price Index is Las Vegas, NV, with
declines in the last 20 consecutive quarters.
The highest annual home appreciation rate in the Columbus Real Estate Market
was 16% in the twelve months ended with the 2nd Quarter of 1978. The worst
annual home appreciation rate in the Columbus Market was -4% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Columbus Real Estate Market over a
three year period was 36% in the three years ended with the 1st Quarter of
1980. The worst home appreciation over a three year period in the Columbus
Market was -7% 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). The house price chart has been updated through the 4th Quarter of
2011. For more information about Columbus Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Columbus Real Estate Market. Another opens a forecast for
appreciation rates in the state of Ohio. Just one glance at Forecast-Chart.com's
long term charts can provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then Forecast-Chart.com's
detailed research and statistics about Columbus Home Prices will be at your
fingertips when you need them.
Historical data on the Columbus Home Price Index is available back to the 2nd
Quarter, of 1976. 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
4th Quarter, 2011 Housing Data: Columbus, Ohio
The appreciation 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 4th Quarter of 2011, Columbus Home Prices had a rank of 175, with
appreciation of 0.32%. The top performing real estate market during the 4th
Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market during
that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.
Last Year:
During the last 12 months, Columbus Home Prices had a rank of 162, with
appreciation during the year of -1.98%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Columbus Home Prices
ranked 188, with a total appreciation of -6.2%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Columbus Home Prices
had a rank of 321, with appreciation during the decade of 9%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Columbus Home Prices
had a rank of 270, with total appreciation over the 20 year period of 67%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.
Historical research data on the Home Price Index for the Columbus Real Estate
Market is available back to the 2nd Quarter, of 1976. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Columbus. Real estate appreciation
figures represent total appreciation over each time period. (Unless specifically
stated, the appreciation figures do not represent annual or quarterly rates of
appreciation.)
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