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Affordable
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These days, finding an affordable place to live in the Colon area can be challenging. Home prices in Colon are now at a median cost of $175,255, lower than the Michigan average of $250,415.
The average cost of rent is $877/mo in Colon, primarily driven by the current value of real estate in the Colon area. In Colon, 21.97% of households rent, and 42.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colon is $5,294 per month. Households that rent pay about 16.57% of their income on rent here. Colon’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shorecrest, MI: equally priced homes
- Fairfax, MI: equally priced homes
- Leonidas, MI: higher priced homes
- Findley, MI: higher priced homes
- Sherwood, MI: less expensive homes
- Nottawa, MI: higher priced homes
- Wasepi, MI: less expensive homes
- Burr Oak, MI: equally priced homes
- Mendon, MI: equally priced homes
- Bronson, MI: less expensive homes
Cities with Similar Populations
- Atlanta, IL: less expensive homes
- Wingo, KY: less expensive homes
- West Hurley, NY: higher priced homes
- Welches, OR: higher priced homes
- Wathena, KS: equally priced homes
- Warrens, WI: higher priced homes
- Stoystown, PA: equally priced homes
- Seneca, PA: less expensive homes
- Flovilla, GA: higher priced homes
- Fancy Farm, KY: less expensive homes
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