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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 $276,622, higher than the Nebraska average of $252,353.
The average cost of rent is $985/mo in Colon, primarily driven by the current value of real estate in the Colon area. In Colon, 7.19% of households rent, and 47.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colon is $8,031 per month. Households that rent pay about 12.26% of their income on rent here. Colon’s most expensive areas are in the southwestern 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
- Cedar Bluffs, NE: less expensive homes
- Wahoo, NE: equally priced homes
- Malmo, NE: higher priced homes
- Mead, NE: less expensive homes
- Leshara, NE: higher priced homes
- Inglewood, NE: equally priced homes
- Ithaca, NE: equally priced homes
- Fremont, NE: less expensive homes
- Prague, NE: less expensive homes
- Weston, NE: equally priced homes
Cities with Similar Populations
- Woodruff, AZ: equally priced homes
- Montmorenci, PA: less expensive homes
- Oakford, IL: less expensive homes
- North Royalton, VT: equally priced homes
- Newville, IN: less expensive homes
- New Woodville, OK: less expensive homes
- New Castle, TN: less expensive homes
- New Cambria, KS: higher priced homes
- New Berlinville, PA: less expensive homes
- Naylor, AR: less expensive homes
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