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Affordable
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These days, finding an affordable place to live in the Colo area can be challenging. Home prices in Colo are now at a median cost of $172,673, lower than the Iowa average of $226,062.
The average cost of rent is $910/mo in Colo, primarily driven by the current value of real estate in the Colo area. In Colo, 16.29% of households rent, and 37.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colo is $5,989 per month. Households that rent pay about 15.19% of their income on rent here. Colo’s most expensive areas are in the northeastern 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
- Nevada, IA: higher priced homes
- State Center, IA: equally priced homes
- Iowa Center, IA: higher priced homes
- Collins, IA: higher priced homes
- Zearing, IA: equally priced homes
- Clemons, IA: equally priced homes
- Rhodes, IA: higher priced homes
- Maxwell, IA: higher priced homes
- St. Anthony, IA: equally priced homes
- Shipley, IA: higher priced homes
Cities with Similar Populations
- Tower Lakes, IL: higher priced homes
- Dalton, MN: higher priced homes
- Van Buren, MO: less expensive homes
- Dexter, KY: less expensive homes
- Dickerson, MD: higher priced homes
- Drakes Branch, VA: equally priced homes
- Dublin, NH: higher priced homes
- University Heights, IA: higher priced homes
- Trail, OR: higher priced homes
- Elysian, MN: higher priced homes
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