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Affordable
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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 $149,387, lower than the Maine average of $330,167.
The average cost of rent is $504/mo in Colby, primarily driven by the current value of real estate in the Colby area. In Colby, 2.23% of households rent, and 50.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colby is $5,346 per month. Households that rent pay about 9.44% of their income on rent here. Colby’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Wade, ME: less expensive homes
- Sweden, ME: equally priced homes
- New Sweden, ME: higher priced homes
- Perham, ME: less expensive homes
- Caribou, ME: less expensive homes
- Washburn, ME: less expensive homes
- North Lyndon, ME: equally priced homes
- Jemtland, ME: higher priced homes
- Stockholm, ME: higher priced homes
- Morris Corner, ME: less expensive homes
Cities with Similar Populations
- Nogalus, TX: less expensive homes
- Papin, MO: higher priced homes
- Painesdale, MI: equally 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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