Colby, WI 54421 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Colby, WI—54421

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$228,000

14.1% YoY Growth

Household Income

$59,700

14.2% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$850

N/A

1-Bed Rent

$675

N/A

2-Bed Rent

$850

N/A

3-Bed Rent

N/A

Home Price Trends — Colby, WI

As of May '26, the median home price in Colby, WI is $228,000, with a year-over-year change of 14.1%. This indicates that home prices in Colby, WI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$228,000	14.1%
Single Family	$228,000	13.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.4%

1 Bedroom

15.7%

2 Bedrooms

44.6%

3 Bedrooms

14.0%

4 Bedrooms

8.5%

5+ Bedrooms

7.7%

Property Listings — Colby, WI

As of May '26, Realtor.com reports that the median days on market for a home in Colby, WI is 24. This is a increase of 7.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$175,000	-4.0%
Listing Count	6	88.0%
Listings as % of Homes	0.2%	88.0%
Days on Market	24	7.0%

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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%

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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%

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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%

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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

Colby, WI—54421

Key Metrics at a Glance

Home Price Trends — Colby, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colby, WI

% of Rental Stock

Property Listings — Colby, WI

Demographics — Colby, WI

Race and Ethnicity

Mortgage and Risk — Colby, WI

Mortgages

Rentals and Section 8 — Colby, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Colby, WI

Home Price to Income Ratio

Colby, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Abbotsford, WI

Unity, WI

Dorchester, WI

Spencer, WI

Stetsonville, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$228,000
Median Household Income	$59,700

Colby, WI—54421

Key Metrics at a Glance

Home Price Trends — Colby, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colby, WI

% of Rental Stock

Property Listings — Colby, WI

Demographics — Colby, WI

Race and Ethnicity

Mortgage and Risk — Colby, WI

Mortgages

Rentals and Section 8 — Colby, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Colby, WI

Home Price to Income Ratio

Colby, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Abbotsford, WI

Unity, WI

Dorchester, WI

Spencer, WI

Stetsonville, WI

Frequently Asked Questions

What is the average home price in Colby, WI 54421?

How have home prices in Colby, WI 54421 changed over the past year?

What is the home price projection for Colby, WI 54421?

What are the demographics of Colby, WI 54421?

How long does it take homes to sell in Colby, WI 54421?

What is the average rent price in Colby, WI 54421?