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These days, finding an affordable place to live in the Colonville area can be challenging. Home prices in Colonville are now at a median cost of $176,629, lower than the Michigan average of $250,415.
The average cost of rent is $620/mo in Colonville, primarily driven by the current value of real estate in the Colonville area. In Colonville, 7.54% of households rent, and 48.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colonville is $5,291 per month. Households that rent pay about 11.72% of their income on rent here. Colonville’s most expensive areas are in the northeastern 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
- Dover, MI: equally priced homes
- Clare, MI: less expensive homes
- Loomis, MI: less expensive homes
- Farwell, MI: less expensive homes
- Coleman, MI: less expensive homes
- Delwin, MI: less expensive homes
- Rosebush, MI: equally priced homes
- Beaverton, MI: less expensive homes
- Wagarville, MI: less expensive homes
- Harrison, MI: less expensive homes
Cities with Similar Populations
- Zephyr, TX: equally priced homes
- Brackney, PA: higher priced homes
- Bracken, IN: higher priced homes
- Boise, WA: higher priced homes
- Norge, OK: less expensive homes
- New England, ND: higher priced homes
- Moss Bluff, FL: less expensive homes
- Bella Villa, MO: equally priced homes
- Beechmont, KY: less expensive homes
- Battle Creek, IA: less expensive homes
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