Home Price Key
Affordable
Average
Expensive
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 $103,197, lower than the Alabama average of $185,232.
The average cost of rent is $602/mo in Colony, primarily driven by the current value of real estate in the Colony area. While nearly 53.74% of residents own their homes outright in Colony, 14.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colony is $4,168 per month. Households that rent pay about 14.46% of their income on rent here. Colony's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Partridge Crossroads, AL: higher priced homes
- Blount Springs, AL: higher priced homes
- Bremen, AL: higher priced homes
- Dodge City, AL: higher priced homes
- Hayden, AL: higher priced homes
- Cold Springs, AL: higher priced homes
- Warrior, AL: higher priced homes
- Garden City, AL: higher priced homes
- Hull, AL: less expensive homes
- Empire, AL: equally priced homes
Cities with Similar Populations
- Urbancrest, OH: equally priced homes
- Little River, CA: higher priced homes
- Littlefork, MN: higher priced homes
- Urbanette, AR: higher priced homes
- Los Indios, TX: less expensive homes
- Lowman, NY: higher priced homes
- Luana, IA: higher priced homes
- Madisonville, MS: higher priced homes
- Mahtowa, MN: higher priced homes
- Manchester, LA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood