Zip 49040 (Colon, MI) Housing

The housing market in Colon, MI (49040) is particularly strong compared to the national average. The median value of a home in Colon is $164,200, significantly lower than the national median of $338,100. However, over the past year, house appreciation in Colon has been 10.54%, substantially higher than the national appreciation rate of 8.27%. This suggests that despite its low median value, Colon is still an attractive place to buy a home for those looking for a good investment opportunity.

The median home cost in Colon (zip 49040) is $164,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Colon (zip 49040) is up 14.9%.

Average Age of Homes

- The median age of Colon (zip 49040) real estate is 45 years old

The Rental Market in Colon (zip 49040)

- Renters make up 16.5% of the Colon (zip 49040) population
- 1.0% of houses and apartments in Colon (zip 49040), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Colon, Michigan	United States
	1,718.0	139,647,020.0
	52	42
	$164,200	$338,100
	14.9%	16.6%
	56.2%	57.0%
	90.4%	101.1%
	$11.96	$10.98
	$1,407	$2,690
	58.3%	57.4%
	29.9%	11.2%
	11.8%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	3.2%	0.7%
	0.5%	0.4%
	23.9%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	5.7%	2.4%
	4.1%	2.8%
	12.2%	3.9%
	15.0%	4.5%
	18.2%	11.3%
	16.7%	13.0%
	9.4%	20.1%
	3.8%	13.6%
	5.4%	8.3%
	1.9%	9.7%
	1.3%	3.9%
	0.0%	2.2%
	2.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	15.5%	13.6%
	4.8%	13.2%
	21.9%	14.8%
	15.5%	13.6%
	10.9%	10.0%
	7.3%	4.7%
	27.2%	12.2%

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