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📍 Colony, AL · Zillow ZHVI · July 2026

Average Home Price in
Colony, AL

Cullman, AL metro area · Cullman County County

Median Home Value
$149,942
↓ 6.8% year-over-year
vs. National Median
$410,000
Colony is 63% below
Est. Monthly Payment
$782/mo
20% down · 6.8% rate
Income Needed
$40K
gross annual (30% rule)
Median Home Value
$149,942
↓ 6.8% year-over-year
Down Payment (20%)$29,988
Monthly P&I$782/mo
With Taxes & Ins.~$993/mo
Income Needed$39,720/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Colony, AL

The median home value in Colony, AL is $149,942 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.8% compared to a year ago and down 3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Colony are priced63% below average. Colony is part of the Cullman, AL metro area.

City Comparison

Colony vs. National Median

🏠 Colony
$149,942
National Median
$410,000

At $149,942, homes in Colony cost 63% below the national median of $410,000. This makes Colony a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Colony?

20% Down Payment
$29,988
on $149,942
Monthly P&I
$782/mo
30-yr @ 6.8%
Total Monthly Est.
~$993/mo
incl. taxes & insurance
Income Needed
$39,720
gross annual (30% rule)
10% Down Option
$14,994
+ PMI applies
Loan Amount (20% dn)
$119,954
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Colony, AL?
The median home value in Colony is $149,942 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.8% year-over-year.
How much have home prices changed in Colony?
Over the past year, home values in Colony have decreased by 6.8%.
How much do I need to earn to buy a home in Colony?
To comfortably afford the median home price of $149,942 with a 20% down payment ($29,988) at today's rates (6.8%), you'd need a gross annual income of approximately $39,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Colony compare to the national average home price?
The national median home value is approximately $410,000. At $149,942, homes in Colony are 63% below the national average.
What metro area is Colony part of?
Colony is part of the Cullman, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.