Expensive
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 $241,500, lower than the North Carolina average of $323,314.
The average cost of rent is $1,159/mo in Colon, primarily driven by the current value of real estate in the Colon area. In Colon, 69.74% of households rent, and 4.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colon is $4,833 per month. Households that rent pay about 23.98% of their income on rent here. Colon’s most expensive areas are in the central 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
- Osgood, NC: less expensive homes
- Sanford, NC: equally priced homes
- Gulf, NC: less expensive homes
- Moncure, NC: higher priced homes
- Merry Oaks, NC: higher priced homes
- Haw Branch, NC: higher priced homes
- Goldston, NC: less expensive homes
- Corinth, NC: higher priced homes
- Haywood, NC: higher priced homes
- Broadway, NC: less expensive homes
Cities with Similar Populations
- Zenith, IL: less expensive homes
- Barton Hills, MI: higher priced homes
- Brighton Beach, SC: higher priced homes
- Augsburg, AR: less expensive homes
- Atlanta, MO: less expensive homes
- Arnett, WV: less expensive homes
- Armington, IL: less expensive homes
- Animas, NM: less expensive homes
- Amma, WV: less expensive homes
- Alverton, PA: less expensive homes
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