Colby, KS is a great place to invest in housing. The median value of homes in Colby is $148,500, which is significantly lower than the US median value of $338,100. This means that homebuyers can purchase property in Colby for a much lower price than they would in many other parts of the country. Additionally, Colby has seen a 10.51% appreciation rate in housing over the past year, which is slightly higher than the national rate of 8.27%. This further increases the potential for growth and profit when investing in housing in Colby.
The median home cost in Colby is $148,500. Home appreciation the last 10 years has been 59.6%. Home Appreciation in Colby is up 13.8%.
Average Age of Homes
- The median age of Colby real estate is 52 years old
The Rental Market in Colby
- Renters make up 26.6% of the Colby population
- 4.0% of houses and apartments in Colby, 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.