Expensive
Affordable
Affordable
Colorblind friendly
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These days, finding an affordable place to live in the Colony area can be challenging. Home prices in Colony are now at a median cost of $170,046, lower than the Alabama average of $228,911.
The average cost of rent is $909/mo in Colony, primarily driven by the current value of real estate in the Colony area. In Colony, 10.67% of households rent, and 45.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colony is $6,500 per month. Households that rent pay about 13.98% of their income on rent here. Colony’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Partridge Crossroads, AL: equally priced homes
- Blount Springs, AL: higher priced homes
- Bremen, AL: equally priced homes
- Dodge City, AL: higher priced homes
- Hayden, AL: higher priced homes
- Cold Springs, AL: less expensive homes
- Warrior, AL: higher priced homes
- Garden City, AL: less expensive homes
- Hull, AL: less expensive homes
- Empire, AL: less expensive homes
Cities with Similar Populations
- Urbancrest, OH: less expensive homes
- Little River, CA: higher priced homes
- Littlefork, MN: equally priced homes
- Urbanette, AR: higher priced homes
- Los Indios, TX: less expensive homes
- Lowman, NY: less expensive homes
- Luana, IA: equally priced homes
- Madisonville, MS: higher priced homes
- Mahtowa, MN: higher priced homes
- Manchester, LA: higher priced homes
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