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These days, finding an affordable place to live in the Colorado City area can be challenging. Home prices in Colorado City are now at a median cost of $90,217, lower than the Texas average of $322,096.
The average cost of rent is $652/mo in Colorado City, primarily driven by the current value of real estate in the Colorado City area. In Colorado City, 21.41% of households rent, and 77.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colorado City is $5,313 per month. Households that rent pay about 12.27% of their income on rent here. Colorado City’s most expensive areas are in the western 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
- Loraine, TX: equally priced homes
- Westbrook, TX: equally priced homes
- Wastella, TX: higher priced homes
- Roscoe, TX: higher priced homes
- Coahoma, TX: higher priced homes
- Sweetwater, TX: higher priced homes
- Maryneal, TX: higher priced homes
- Sand Springs, TX: higher priced homes
- Luther, TX: higher priced homes
- Big Spring, TX: higher priced homes
Cities with Similar Populations
- Grosse Pointe, MI: higher priced homes
- Seven Points, TX: higher priced homes
- Selmer, TN: higher priced homes
- Hempstead, TX: higher priced homes
- Heber, CA: higher priced homes
- Hayesville, NC: higher priced homes
- Hartland, MI: higher priced homes
- Hartford City, IN: higher priced homes
- Harrisville, UT: higher priced homes
- Harlem, GA: higher priced homes
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