Home Price Key
Affordable
Average
Expensive
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 $123,050, lower than the Michigan average of $196,062.
The average cost of rent is $760/mo in Colon, primarily driven by the current value of real estate in the Colon area. While nearly 46.73% of residents own their homes outright in Colon, 17.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colon is $4,455 per month. Households that rent pay about 17.06% of their income on rent here. Colon's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Shorecrest, MI: equally priced homes
- Fairfax, MI: equally priced homes
- Leonidas, MI: higher priced homes
- Findley, MI: higher priced homes
- Sherwood, MI: equally priced homes
- Nottawa, MI: higher priced homes
- Wasepi, MI: equally priced homes
- Burr Oak, MI: higher priced homes
- Mendon, MI: higher 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: equally priced homes
- Flovilla, GA: equally priced homes
- Fancy Farm, KY: higher priced homes
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