Today’s View – November 14, 2016, – Columbia Md. – Townhouse Rentals

Today’s View – November 14, 2016, – Columbia Md. – Townhouse Rentals

This is a market report on the Townhouse rental market in Columbia, Md.   At the time of this report (11/14/2016) there are 48 such homes on the market FOR RENT, 8 have leases ready to be signed, and another 23 that have sold in the last 30 days.  The absorption rate (Active/ Rented in 30 days) is 2 which is considered to be a landlords market.

Two Bedrooms

There are 3 two-bedroom homes of rent in this market area. These homes range in price from a low of $1,500 to $2,200 with the median being $1,950.  The days on market for these homes ranges from 2 weeks (12 days) to 2 months (65 days), with the median being 2 weeks (16 days).

There are another 2 two-bedroom townhouses in this market place that have leases ready to be signed at this time.  The last known list price of these homes was $1,800 and $1,850.  The days on market for these homes ranged from 2 weeks (14 days) to 3 weeks (19 days).

In the last 30 days, 1 two-bedroom townhouse has completed the rental process.  This home rented for $1,900 after being on the market for 2 months (57 days).

Three Bedrooms

There are 38 three-bedroom townhouses on the market for rent in this market area. These homes range in price from a low of $1,600 to $2,300 with the median being $2,000.  The days on market for these homes ranges from new to the market (1 day) to approaching 6 months (172 days), with the median being over 1 month (36 days).

There are another 5 three-bedroom townhouses in this market place that are waiting on the lease to be signed.  The last known list price of these homes ranged from $1,595 to $2,150, with the median being $1,995.  The days on market for these homes ranged from 3 weeks (22 days) to 6 months (178 days) with the median being 2.5 months (75 days).

In the last 30 days, 16 three-bedroom townhouses have successfully completed the rental process.  These homes rented at prices ranging form $1.600 to $2,300, with the median being $2,070. These homes were on the market from 1 week (8 days) to approaching 6 months (177 days) with the median being 1.5 months (43 days).

Four Bedrooms

There are 5 four-bedroom townhouses on the market for rent in this market area. These homes range in price from a low of $2,000 to $2,200 with the median being $2,100.  The days on market for these homes ranges from new to the market (3 days) to approaching 4 months (111 days), with the median approaching 3 weeks (18 days).

There is 1 four-bedroom townhouse in this market place that is waiting on the lease to be signed.  The last known list price of these home being $2,000 after being on the market for 3 weeks (24 days).

In the last 30 days, 6 four-bedroom townhouses have successfully completed the rental process.  These homes rented at prices ranging form $2,000 to $2,700, with the median being $2,238. These homes were on the market from 2 weeks (14 days) to 2 months (64 days) with the median being 1 month (36 days).

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This report covers only townhouse rentals in Columbia, Md.  If you have any questions about this report or the surrounding area, please call me or send me an email.