Executive Summary
Columbia's housing market shows below-average risk, ranking 258th of 274 metros. Fundamentals suggest limited near-term risk.
Key Dynamics
Risk is primarily driven by migration and permits per capita, while employment provides the most support.
Top Drivers
Factor Details
12-month HPI change — higher = overheating
YoY permit change — higher = supply pressure
Permits per 1,000 residents — higher = overbuilding risk
Mortgage payment / income — higher = more burdened
12-month employment change (risk inverted)
Net AGI migration (risk inverted)
National Context
Credit Conditions
Credit Regime
Supply Pipeline
Supply Regime
Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.
Local Signals
Metro Permit Activity
Permit Activity
NormalRaw signal — not the composite percentile
Relative to 2016–2019 norms for this metro
Employment Concentration
Employment
Limited dataInternal Structure
County-level structural analysis.
County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.
Score History
| Month | Score |
|---|---|
| 2026-05 | 37 |
| 2025-12 | 42 |
| 2025-10 | 65 |
| 2025-09 | 65 |
| 2025-08 | 63 |
| 2025-06 | 58 |
| 2025-04 | 60 |
| 2025-02 | 69 |
| 2025-01 | 66 |
| 2024-12 | 64 |
| 2024-10 | 68 |
| 2024-08 | 71 |
| 2024-06 | 73 |
| 2024-04 | 72 |
| 2024-03 | 68 |
| 2024-01 | 68 |
| 2023-11 | 69 |
| 2023-09 | 71 |
| 2023-08 | 72 |
| 2023-06 | 71 |
| 2023-05 | 68 |
| 2023-03 | 65 |
| 2023-02 | 63 |
| 2022-12 | 61 |
| 2022-09 | 60 |
| 2022-06 | 70 |
| 2022-05 | 68 |
| 2022-04 | 66 |
| 2022-02 | 60 |
| 2022-01 | 66 |
| 2021-11 | 59 |
| 2021-10 | 60 |
| 2021-08 | 53 |
| 2021-05 | 58 |
| 2021-03 | 48 |
| 2021-01 | 47 |
| 2020-12 | 52 |
| 2020-10 | 53 |
| 2020-08 | 52 |
| 2020-06 | 55 |
| 2020-05 | 59 |
| 2020-03 | 61 |
| 2020-02 | 62 |
| 2019-12 | 60 |
| 2019-09 | 57 |
| 2019-08 | 58 |
| 2019-06 | 60 |
| 2019-05 | 58 |
| 2019-03 | 58 |
| 2019-01 | 62 |