Housing in Colon, MI is an attractive option for potential home buyers. The median value of housing in the area is $165,900, significantly lower than the US median house value of $338,100. Over the past year, appreciation of house values in Colon has increased by 10.54%, higher than the US average of 8.27%. This makes Colon a great place to buy a home and potentially get a good return on investment.
The median home cost in Colon is $165,900. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Colon is up 14.9%.
Average Age of Homes
- The median age of Colon real estate is 59 years old
The Rental Market in Colon
- Renters make up 20.3% of the Colon population
- 1.6% of houses and apartments in Colon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.