LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,520
Monthly Cash Flow
-$118
Principal + Equity
$1,454
Annual Total Gain
$16,028
Cash on Cash
-2.51%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#55out of 229 markets
Best Cities for Young Professionals in America
#87out of 229 markets
Cities with the Lowest Cost of Living in America
#87out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Columbia, SC.
In Columbia, SC, Short Term Rental (STR) regulations vary depending on the specific zoning district in which the property is located. It is important for investors to be aware of these regulations before purchasing a property for short term rental purposes.
1. Zoning Restrictions: Columbia has specific zoning regulations that dictate where short term rentals are allowed. Investors should check the zoning of the property they are interested in to ensure that short term rentals are permitted in that area.
2. Licensing and Permits: In Columbia, property owners must obtain a business license and pay a hospitality tax in order to operate a short term rental. Investors should be aware of these requirements and factor them into their financial projections.
3. Occupancy Limits: Columbia has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Safety and Health Regulations: Short term rental properties in Columbia must meet certain safety and health regulations, such as having working smoke detectors and meeting building code requirements. Investors should ensure that their property meets these standards before renting it out.
5. Noise and Nuisance Regulations: Columbia has regulations in place to address noise and nuisance issues related to short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of their neighbors.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Columbia, SC before purchasing a property for this purpose. Failure to comply with these regulations can result in fines and other penalties, so it is important to be fully informed before making an investment in this market.
Market Trends Over Time
Explore 25 years of market data for Columbia, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Columbia, SC.
The LTR Genie Score of Columbia, SC is 71 and STR Genie Score is 75, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability being low may be attributed to the low rent growth rate of 0.0576%, while the STR Genie Score is higher due to a higher net ROI of 35.33% and a decent occupancy rate of 63.64%. The 1-year price appreciation forecast of 1.73% suggests a stable market with potential for growth.
Columbia, SC is the capital city of South Carolina and home to the University of South Carolina, making it a hub for education and government. The city has a diverse economy with industries such as healthcare, manufacturing, and technology, providing a stable foundation for real estate investments.
Overall, Columbia, SC appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns. With a decent Genie Score for both LTR and STR, Columbia, SC presents a balanced investment opportunity for real estate investors looking to capitalize on the city's economic stability and growth potential.
LTR Genie Score 93
$150,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,896 sqft.🏠 SINGLE FAMILY
