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These days, finding an affordable place to live in the Colby area can be challenging. Home prices in Colby are now at a median cost of $202,962, lower than the Kansas average of $243,949.
The average cost of rent is $775/mo in Colby, primarily driven by the current value of real estate in the Colby area. In Colby, 30.36% of households rent, and 43.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colby is $6,538 per month. Households that rent pay about 11.86% of their income on rent here. Colby’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Levant, KS: less expensive homes
- Halford, KS: higher priced homes
- Mingo, KS: higher priced homes
- Gem, KS: less expensive homes
- Brewster, KS: less expensive homes
- Rexford, KS: equally priced homes
- Menlo, KS: equally priced homes
- Monument, KS: less expensive homes
- Oakley, KS: less expensive homes
- Winona, KS: less expensive homes
Cities with Similar Populations
- Breckenridge, TX: less expensive homes
- Rescue, CA: higher priced homes
- Blairstown, NJ: higher priced homes
- Blakely, GA: less expensive homes
- Blanchard, LA: less expensive homes
- Blanchester, OH: equally priced homes
- Frankfort, NY: less expensive homes
- Rochelle Park, NJ: higher priced homes
- Booneville, AR: less expensive homes
- Boqueron, PR: less expensive homes
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