Home Price Key
Affordable
Average
Expensive
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 $96,110, lower than the Maine average of $243,042.
The average cost of rent is $500/mo in Colby, primarily driven by the current value of real estate in the Colby area. While nearly 53.39% of residents own their homes outright in Colby, 6.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colby is $4,678 per month. Households that rent pay about 10.68% of their income on rent here. Colby's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- North Wade, ME: equally priced homes
- Sweden, ME: higher priced homes
- New Sweden, ME: higher priced homes
- Perham, ME: equally priced homes
- Caribou, ME: higher priced homes
- Washburn, ME: equally priced homes
- North Lyndon, ME: equally priced homes
- Jemtland, ME: higher priced homes
- Stockholm, ME: higher priced homes
- Morris Corner, ME: equally priced homes
Cities with Similar Populations
- Nogalus, TX: higher priced homes
- Papin, MO: higher priced homes
- Painesdale, MI: higher priced homes
- Orleans, OR: higher priced homes
- Olive Branch, NC: higher priced homes
- Oldport, MI: higher priced homes
- Ohioville, NY: higher priced homes
- Ocheltree, KS: higher priced homes
- Oak Park, GA: less expensive homes
- Nyesville, IN: higher priced homes
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