Situated in the heart of Missouri, Columbia has long been an excellent city, renowned for its college sports and bustling downtown scene, making it a magnet for prospective homeowners. Safe to say that the Missouri REALTORS® headquarters is located in Columbia for good reason!
A recent accolade has now catapulted Columbia to the forefront of real estate desirability. According to a recent Yahoo Finance article, Columbia, Missouri has been named the number one most attractive city to purchase real estate in the coming decade. Let's dive into the numbers behind this recognition and what it means for homeowners and investors in Columbia.
March 2023 Home Value: $271,245
At the outset, Columbia's real estate market offers an attractive average home value of $271,245. This is not only affordable but also presents a solid foundation for prospective homeowners and investors alike.
1-Year Growth Projection: 6.4%
What truly sets Columbia apart is its remarkable growth projection. With an astonishing 6.4% one-year growth projection, Columbia outpaces many other cities, promising rapid appreciation of property values. This projection illustrates the dynamic nature of Columbia's real estate market.
Year Projected Home Value Will Surpass the US Average: 2028
In just five short years, homeowners in Columbia can expect to see their investments outperforming the rest of the country.
2028 Projected Home Value: $369,888
This substantial increase is a testament to the city's economic vitality and desirability as a place to call home.
2033 Projected Home Value: $504,403
Looking even further into the future, the projection for 2033 is a remarkable $504,403. This suggests that Columbia's real estate market is not only a short-term opportunity but also a long-term investment that promises substantial returns.
What makes this recognition even more impressive is that Columbia boasts the fastest projected growth rate on the list, further solidifying its status as a real estate hotspot. With prices set to surpass the national average in just five years, Columbia's real estate market is attracting attention for all the right reasons. This acknowledgment is not just a win for Columbia; it's an invitation to homeowners and investors to explore the boundless opportunities that the state of Missouri has to offer in terms of real estate.