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Colon, MI Housing

 
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As of 2010-2014, median price of a house in Colon is $81,100, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The Colon median house value has grown by 12.33% since 2000. The growth rate for the price of a house in Colon is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Colon was built is 1965, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 350 Owner Occupied Houses in Colon, MI, #410
Colon, MI
81,100 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #237
Colon, MI
12.33%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Colon, MIMichiganU.S.
Total Housing Units696, see rank, 100%4,532,719132,741,033
Occupied Housing Units491, 70.55%, see rank84.45%87.55%
Owner Occupied350, 50.29%, see rank60.41%56.34%
Renter Occupied141, 20.26%, see rank24.04%31.21%
Vacant Housing Units205, 29.45%, see rank15.55%12.45%
For Rent28, 4.02%, see rank1.84%2.34%
For Sale Only13, 1.87%, see rank1.40%1.20%
Rented or Sold, Not Occupied8, 1.15%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use108, 15.52%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant48, 6.90%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #297
Colon, MIMichiganU.S.
196519691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Colon, MI%MichiganU.S.
Owner-Occupied Units350100%2,738,01274,787,460
With a Mortgage24168.86%, see rank63.63%65.58%
Without a Mortgage10931.14%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Colon, MI
958 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsColon, MI%MichiganU.S.
$299 or Less00.00%, see rank0.19%0.20%
$300 to $49993.73%, see rank1.88%1.59%
$500 to $6994619.09%, see rank6.65%5.01%
$700 to $9997430.71%, see rank19.56%14.32%
$1,000 to $1,4998936.93%, see rank34.69%27.90%
$1,500 to $1,999156.22%, see rank20.06%20.35%
$2,000 to $2,99983.32%, see rank12.84%19.52%
$3,000 or More00.00%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Colon, MI
20.90% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Colon, MI%MichiganU.S.
10% or Less93.73%, see rank5.90%5.86%
10% to 20%10543.57%, see rank35.28%31.95%
20% to 30%6125.31%, see rank27.51%27.64%
30% to 40%3614.94%, see rank12.63%13.74%
40% or More2811.62%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Colon, MI
418 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsColon, MI%MichiganU.S.
$199 or Less32.75%, see rank4.74%7.76%
$200 to $2991513.76%, see rank12.46%14.70%
$300 to $4995348.62%, see rank40.41%34.63%
$500 to $6991816.51%, see rank25.95%21.16%
$700 or More2018.35%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Colon, MI
12.60% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Colon, MI%MichiganU.S.
10% or Less3431.19%, see rank35.33%40.19%
10% to 20%4137.61%, see rank33.76%31.47%
20% to 30%109.17%, see rank13.39%12.24%
30% to 40%1816.51%, see rank6.18%5.64%
40% or More65.50%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Colon, MIMichiganU.S.
Total Housing Units696, 100%4,532,719132,741,033
1-unit, Detached528, 75.86%, see rank71.97%61.65%
1-unit, Attached15, 2.16%, see rank4.66%5.82%
2 Units0, 0.00%, see rank2.58%3.75%
3 or 4 Units16, 2.30%, see rank2.56%4.43%
5 to 9 Units0, 0.00%, see rank4.20%4.78%
10 or More Units70, 10.06%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.67, 9.63%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Colon, MIMichiganU.S.
Total Housing Units696, 100%4,532,719132,741,033
1 Room19, 2.73%, see rank1.24%1.95%
2 Rooms9, 1.29%, see rank1.78%2.48%
3 Rooms67, 9.63%, see rank7.14%9.13%
4 Rooms62, 8.91%, see rank14.38%16.60%
5 Rooms160, 22.99%, see rank21.00%20.41%
6 Rooms131, 18.82%, see rank20.07%18.06%
7 Rooms126, 18.10%, see rank13.45%12.27%
8 Rooms48, 6.90%, see rank9.27%8.48%
9 Rooms or More74, 10.63%, see rank11.67%10.60%
Median Rooms5.70, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Colon, MIMichiganU.S.
Total Housing Units696, 100%4,532,719132,741,033
No Bedroom19, 2.73%, see rank1.35%2.17%
1 Bedroom93, 13.36%, see rank9.11%11.16%
2 Bedrooms134, 19.25%, see rank26.33%26.69%
3 Bedrooms317, 45.55%, see rank43.93%39.70%
4 Bedrooms91, 13.07%, see rank15.80%16.05%
5 or More Bedrooms42, 6.03%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Colon, MIMichiganU.S.
Total Housing Units491, 100%3,827,880116,211,092
Utility Gas370, 75.36%, see rank77.13%48.85%
Bottled, Tank, or LP Gas0, 0.00%, see rank8.48%4.86%
Electricity95, 19.35%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.11, 2.24%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood7, 1.43%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel8, 1.63%, see rank0.86%0.47%
No Fuel Used0, 0.00%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalColon, MIMichiganU.S.
Occupied Units Paying Rent131, 100%1,028,83539,201,928
$199 or Less6, 4.58%, see rank1.86%1.50%
$200 to $29919, 14.50%, see rank3.88%3.18%
$300 to $49949, 37.40%, see rank9.32%7.37%
$500 to $69933, 25.19%, see rank23.63%16.01%
$700 to $99910, 7.63%, see rank35.23%29.17%
$1,000 to $1,49914, 10.69%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$447, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Colon, MIMichiganU.S.
Occupied Housing Units491, 100%3,827,880116,211,092
No Vehicles Available30, 6.11%, see rank7.97%9.12%
1 Vehicles Available187, 38.09%, see rank35.06%33.80%
2 Vehicles Available202, 41.14%, see rank38.45%37.48%
3 or More Vehicles Available72, 14.66%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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