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These days, finding an affordable place to live in the Colona area can be challenging. Home prices in Colona are now at a median cost of $167,105, lower than the Illinois average of $300,242.
The average cost of rent is $832/mo in Colona, primarily driven by the current value of real estate in the Colona area. In Colona, 15.66% of households rent, and 39.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colona is $7,167 per month. Households that rent pay about 11.61% of their income on rent here. Colona’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cleveland, IL: higher priced homes
- Green Rock, IL: less expensive homes
- Green River, IL: higher priced homes
- Barstow, IL: less expensive homes
- Carbon Cliff, IL: equally priced homes
- Silvis, IL: equally priced homes
- Osborn, IL: higher priced homes
- East Moline, IL: less expensive homes
- Sunny Hill, IL: higher priced homes
- Hampton, IL: higher priced homes
Cities with Similar Populations
- Standish, ME: higher priced homes
- Cameron, TX: equally priced homes
- West Dundee, IL: higher priced homes
- West Glens Falls, NY: higher priced homes
- Fairmount, CO: higher priced homes
- West Harrison, IN: higher priced homes
- Fairmont, NC: less expensive homes
- Stow, MA: higher priced homes
- Carlisle, OH: higher priced homes
- Stickney, IL: higher priced homes
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