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Columbia County, FL

Lake City

RANK #919 / 996 NAT  ·  #34 / 41 FL  ·  POP 69,832

1YR FORECAST: -0.7%

5YR OUTLOOK: +11%

#47 Best Rental Yield
Our model projects Columbia County's housing market at -0.7% over the next year, underperforming most U.S. counties.

[01] Why Columbia County?

Columbia County, Florida, is often recognized for its abundance of natural springs, with Ichetucknee Springs State Park being a notable highlight where visitors can tube, kayak, or snorkel in clear waters. Located in North Florida, the county seat, Lake City, was once known as "Alligator Town" and later "Gateway to Florida." The area maintains a rural and small-town feel, even with its position at the intersection of I-10 and I-75, which provides connections to larger cities. Beyond the springs, outdoor enthusiasts can explore the Osceola National Forest, offering miles of trails for hiking and equestrian activities, or visit O'Leno State Park, one of Florida's first state parks.

Life in Columbia County offers a blend of natural amenities and a community-focused atmosphere. The public school district, based in Lake City, serves nearly 10,000 students and is rated above average. While public transit options are limited, demand-response services are available. The local economy is experiencing growth, with recent recognition for rural economic development. This growth is supported by investments in sectors such as advanced manufacturing, agriculture, logistics, and data centers, attracting new businesses and residents to the area.

[02] Market Snapshot

Housing Ratio
4.3x

Below national median (4.7x)

GDP Growth
+3.3%

Above national median

Home Prices
-0.5%

Prices declining

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 4.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Columbia County School Board Education
    1,000+
  2. 2
    VA Medical Center Healthcare
  3. 3
    HAECO Aviation Services Manufacturing
    500+
  4. 4
    Sitel Technology
  5. 5
    Potash Corp of White Springs Other
  6. 6
    Wal-Mart Stores, Inc. Retail
    250+
  7. 7
    Shands Lake Shore Regional Medical Center Healthcare
  8. 8
    First Federal Bank of Florida Finance
  9. 9
    S & S Food Stores Retail
  10. 10
    Roundtree Moore Auto Group Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Columbia County U.S. National

The Numbers

DEMOGRAPHICS
Population
69,832
+0.82% YoY
Median Household Income
$53,501
Median Home Value
$165,300
-0.46% 12mo
Median Rent
$905
Average Annual Pay
$51,261
+3.7% YoY
Employment
24,644
+0.3% YoY
Income-to-Home-Value
0.3237
More affordable than average
Migration Inflow
7.15%
of pop. from another state
Bachelor's Degree+
16.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$305,000
Days on Market
128
Slower market
Months of Supply
14.4
Buyer's market
Sale-to-List Ratio
94.2%
Negotiation room for buyers
Sold Above List
6.2%
Listings w/ Price Drops
20.8%
Building Permits (2024)
178
Single-Family Permits
174

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.3
per 100K · nat avg 6.3
Firearm Fatalities
19.3
per 100K · nat avg 14.8
Injury Deaths
105.8
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.3
Good
Good Air Days
63%
682 of 1,090 days
Unhealthy+ Days (3yr)
0
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
45
2023
47
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,724M
TOTAL
PROJECT AMOUNT STATUS
Columbia County Data Center (Appling)
Undisclosed (developers responsible for $80M cooling infrastructure)
$500M Planned
Pumpkin Center Data Center
Undisclosed
$500M Approved
White Oak Data Center
Undisclosed
$500M Approved
Columbia Solar Power Plant
Duke Energy Florida
$75M Operating
Santa Fe Solar Power Plant
Duke Energy Florida
$75M Operating
Sunshine Gateway Solar Energy Center
Florida Power & Light Co.
$74M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.3% 62 percentile
Population Growth +0.8% 65 percentile
Income Growth +12.0% 96 percentile
Vacancy Rate 0.7% 80 percentile
Home Price Change -0.5% 26 percentile
Rent Growth -0.3% 9 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Columbia County, FL a good place to move to?

The data is not encouraging — Columbia County scores just 7/100 on the Boom Town Index, ranking #919 of 996 counties. Job growth at +0.3% and median household income of $53,501 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Columbia County affordable?

Housing in Columbia County is roughly in line with national affordability norms. The median home costs $165,300 and the income-to-home-value ratio sits at 0.32, with rents averaging $905/month. Not a bargain, but not a stretch for most local earners either.

Is Columbia County growing or shrinking?

Columbia County's population is growing — up +0.8% YoY — while the job market is roughly flat (employment change of +0.3%). Home values shifted -0.5% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Columbia County?

In significant numbers — 7.15% of Columbia County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Hillsborough County, FL 7 Sarasota County, FL 6 Walton County, FL 9 Miami-Dade County, FL 10 Indian River County, FL 4 Pasco County, FL 4 Armstrong County, PA 7 Chaves County, NM 7