Columbia, SC Market?

Member since 2020 · 6 posts · 4 votes

Been looking into the Columbia market and it seems attractive. But I have read conflicting reports about its future prospects.

I’ve seen reports highlighting its population growth potential: http://www.thestate.com/news/l...

And I’ve seen reports throwing cold water on their growth prospects: https://www.postandcourier.com...

Anyone have experience there? what are you thinking about this market long term?

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Dan Long

Rental Property Investor · Columbia, SC · Member since 2021 · 4 posts · 11 votes

I think future appreciation in the Columbia area is not as high as other areas (especially where the current values sit today), but I have not had issues finding properties that cash flow comfortably, even with the high property taxes. You just have to take them into account before submitting an offer. There is no substitute for knowing and sticking to your numbers. I bought 4 properties last year off of the MLS that all meet/exceed the 1% rule and used traditional financing.

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Andrew R. LucasBusiness Member
Investor · Columbia, SC · Member since 2016 · 676 posts · 320 votes
3y
Quote from @Michael Hutchinson:

Quote from @Casey Ratlief:

Been looking into the Columbia market and it seems attractive. But I have read conflicting reports about its future prospects.
I’ve seen reports highlighting its population growth potential: http://www.thestate.com/news/l...

And I’ve seen reports throwing cold water on their growth prospects: https://www.postandcourier.com...

Anyone have experience there? what are you thinking about this market long term?
I look at it as a stable, secure market. USC keeps it relevant and it is a cross roads in the state, so I don't see it going down. If I were looking there, I would be in class B-C properties and not A. My concern is upside growth and the taxes on investment properties. I personally invest in NC, not SC, but Columbia would be very stable in my view. Here is the current outlook. Good luck and reach out if I can help as I am in Fort Mill, SC.

This is a really nice looking report! I'm in Columbia and can tell you that we have been stable for many years. Even through 2008. But the last 3 years appreciation has gone through the roof. I don't expect that trend to continue. I think we are stabilizing again and will go back to our boring stable market with heavy rental demand driven by the university and military bases.
I posted a video about the tax implications.
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