Living in Colby, KS
Colby, KS is a quaint and welcoming city located in the heart of northwestern Kansas. Known for its agriculture and community spirit, residents enjoy a mix of local amenities, schools, and outdoor activities. With a vibrant local culture and annual events, Colby offers a fulfilling lifestyle for families and individuals alike.
Current Market Conditions in Colby, KS
The real estate market in Colby, KS, has shown stability with modest price growth over the past year. Homes in the area are relatively affordable, making it an attractive option for first-time buyers and families looking for space and value.
The rental market remains stable, with demand primarily driven by local job opportunities and families moving to the area for its schools and community feel.
Home Value Estimator For Colby, KS
There are currently 80 real estate properties
in Colby, KS,
with a median automated valuation model (AVM) price
of $216,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Colby, KS, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Colby, KS,
is $265,992.00, with the most expensive house
in Colby, KS, topping out
at $751,917.00 and the cheapest home
in Colby, KS,
clocking in at $32,780.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Colby, KS!
Rent Prices
In Colby, KS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Colby, KS, is on
a rollercoaster ride. The
average rent price in Colby, KS,
is $1,248.00. Indeed, when looking to rent in
Colby, KS, you can expect to pay as little
as $1,110.00 or as much
as $1,530.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Colby, KS
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
