Colby, WI—54421
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colby, WI
As of Oct '25, the median home price in Colby, WI is $209,000, with a year-over-year change of 7.8%. This indicates that home prices in Colby, WI are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 7.8% |
| Single Family | $210,000 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colby, WI
Colby, WI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $807 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 2 Bed Rent | $850 | $872 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Colby, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Colby, WI is 99. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 13.0% |
Listing Count | 7 | -23.0% |
| Listings as % of Homes | 0.2% | -23.0% |
Days on Market | 99 | 37.0% |
Demographics — Colby, WI
As of the latest ACS Survey released in 2023, Colby, WI has a population of 3,720, which has increased by 4.9% over the past 5 years. Colby, WI is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,720 | 4.9% |
% Under 18 | 29.6% | -3.6% |
% Seniors | 18.2% | 6.4% |
% WFH | 10.4% | 3.0% |
% w/ College Degree | 13.7% | 52.2% |
As of the latest ACS Survey released in 2023, Colby, WI is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Colby, WI is hispanic, making up 15.9% of the population. Foreign-born residents account for 8.0% of the population in Colby, WI, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.3% | -3.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 15.9% | 23.3% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 8.0% | 25.0% |
Mortgage and Risk — Colby, WI
According to HUD data as of 2023, there were 49 mortgage originations in Colby, WI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Colby, WI. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Colby, WI
Colby, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $675 | $720 |
| 2 Bedroom | $90 | $850 | $940 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Colby, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $209,000 |
| Median Household Income | $59,700 |