Market Overview
Home Prices in Colo, IA
The median home value in Colo, IA is $269,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colo are priced34% below average. Colo is part of the Ames, IA metro area.
Over the past five years, Colo home values have risen by approximately38.2%, reflecting strong long-term appreciation in this market.
Price History
Colo Home Price Trend
2020
$174,378
$174K
—
2021
$194,956
$195K
+11.8%
2022
$220,960
$221K
+13.3%
2023
$240,140
$240K
+8.7%
2024
$248,238
$248K
+3.4%
2025
$255,008
$255K
+2.7%
2026
$269,354
$269K
+5.6%
City Comparison
Colo vs. National Median
🏠 Colo
$269,354
National Median
$410,000
At $269,354, homes in Colo cost 34% below the national median of $410,000. This makes Colo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colo?
20% Down Payment
$53,871
on $269,354
Monthly P&I
$1,405/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,784/mo
incl. taxes & insurance
Income Needed
$71,360
gross annual (30% rule)
10% Down Option
$26,935
+ PMI applies
Loan Amount (20% dn)
$215,483
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 Colo, IA?
The median home value in Colo is $269,354 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Colo?
Over the past year, home values in Colo have increased by 5.6%. Over five years, prices have risen approximately 38.2%.
How much do I need to earn to buy a home in Colo?
To comfortably afford the median home price of $269,354 with a 20% down payment ($53,871) at today's rates (6.8%), you'd need a gross annual income of approximately $71,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Colo compare to the national average home price?
The national median home value is approximately $410,000. At $269,354, homes in Colo are 34% below the national average.
What metro area is Colo part of?
Colo is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.