Columbia • Newberry
Median Home Price
Up 1.6% since 2011
Down 1.7% since 2014
Up 15.0% since 2011
Southern Charm with Big City Rental Booms
AKA: Paradise City, The Capital of Southern Hospitality
Population: 810,068 • Average days on market: 20 • Average gross yield: 11.6%
# of Building Permits in 2015: 4,642 • Employment Growth to Building Permits Ratio in 2015: -1.6%
Drivers: Ranking in the Top 50 on the U.S. News and World Report’s Top 100 Best Places to live, Columbia has a cost of living lower than the national average, generally enjoyable weather and job growth on the rise.
Leading industries: The economy is sustained by the information technology, manufacturing and insurance industries. The University of South Carolina also fuels the economy with research programs, like the Innovista Program, whose sole focus is alternative green energy sources. With the universities and health care facilities in the area, the job market also holds opportunity within the medical and education fields.
Notable mentions: Established in 1786, the city holds a lot of American history. The Congaree Vista district, once an old warehouse district, is now a thriving hotspot for art galleries, shops and restaurants. It’s also home to EdVenture, the largest children’s museum in the Southeast.