Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Colchester area can be challenging. Home prices in Colchester are now at a median cost of $158,732, lower than the New York average of $481,023.
The average cost of rent is $668/mo in Colchester, primarily driven by the current value of real estate in the Colchester area. While nearly 75.90% of residents own their homes outright in Colchester, 23.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colchester is $4,337 per month. Households that rent pay about 15.39% of their income on rent here. Colchester's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Pinesville, NY: less expensive homes
- Hamden, NY: higher priced homes
- Walton, NY: less expensive homes
- Downsville, NY: equally priced homes
- Hawleys, NY: equally priced homes
- Shinhopple, NY: higher priced homes
- Harvard, NY: equally priced homes
- DeLancey, NY: higher priced homes
- Gregorytown, NY: equally priced homes
- Fraser, NY: higher priced homes
Cities with Similar Populations
- Elk Lake, OR: higher priced homes
- Puerto De Luna, NM: less expensive homes
- Pierce, FL: less expensive homes
- Prince, WV: less expensive homes
- Mcgregor, ND: higher priced homes
- Trotters, ND: higher priced homes
- Troy, SD: equally priced homes
- Tuscarora, MD: higher priced homes
- Elroy, OH: less expensive homes
- Ellsworth, NE: less expensive homes
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