Colchester, IL is a small town with a population of about 1,300 people. The median value of housing in Colchester is $71,500, which is significantly lower than the US house median value of $338,100. Despite the lower housing values, Colchester has experienced a strong appreciation of 7.86% over the past year compared to 8.27% nationwide. This indicates that although the overall cost of living in Colchester may be low, its potential for investment and growth remain considerable.
The median home cost in Colchester is $71,500. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Colchester is up 14.9%.
Average Age of Homes
- The median age of Colchester real estate is 55 years old
The Rental Market in Colchester
- Renters make up 23.4% of the Colchester population
- 0.9% of houses and apartments in Colchester, 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.