Columbia, SC
Richland County · Pop. 136,632
Ranked #60 of 243 cities
52Moderate
Median Home Price
🏠$210K
3.5% YoY
Median Rent
🔑$1,150
2.5% YoY
Median Income
💰$42K
Rent Burden
📊33.0%
% of income to rent
Income to Buy
🏦$60K
annual income needed
Income to Rent
📝$46K
annual income needed
Price-to-Income
⚖️5.0x
Homeownership
🏡44.0%
Rent vs. Buy
Buy
$1,118/mo
Est. mortgage (7%, 20% down)
Need $60K/yr income
Rent
$1,150/mo
Median rent
Need $46K/yr income
How Columbia Compares
| Metric | Columbia | South Carolina | National |
|---|---|---|---|
| Home Price | $210K | $273K | $410K |
| Rent | $1,150 | $1,170 | $1,500 |
| Income | $42K | $68K | $75K |
| Rent Burden | 33.0% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in Columbia are 49% lower than the national average.
- • Rent is 23% lower than the national average.
- • You need an income of $60K to comfortably buy a home here.
- • The homeownership rate is 44.0%, compared to 65.0% nationally.