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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 $204,556, lower than the Ohio average of $236,816.
The average cost of rent is $901/mo in Colby, primarily driven by the current value of real estate in the Colby area. In Colby, 5.10% of households rent, and 41.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colby is $7,385 per month. Households that rent pay about 12.19% of their income on rent here. Colby’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Carmel, OH: higher priced homes
- Clyde, OH: less expensive homes
- Green Springs, OH: less expensive homes
- Flat Rock, OH: less expensive homes
- West Lodi, OH: equally priced homes
- Bellevue, OH: less expensive homes
- Erlin, OH: equally priced homes
- Republic, OH: less expensive homes
- Reedtown, OH: equally priced homes
- Old Fort, OH: equally priced homes
Cities with Similar Populations
- Bicknell, UT: higher priced homes
- Windom, WV: less expensive homes
- Williams Creek, IN: higher priced homes
- Bartley, NE: less expensive homes
- Beals, ME: higher priced homes
- Belfry, MT: higher priced homes
- Bentley, OK: less expensive homes
- Berclair, TX: less expensive homes
- Berkshire Heights, MA: higher priced homes
- Adams, KY: less expensive homes
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