Market Overview
Home Prices in Colona, IL
The median home value in Colona, IL is $187,572 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colona are priced54% below average. Colona is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Colona home values have risen by approximately32.2%, reflecting strong long-term appreciation in this market.
Price History
Colona Home Price Trend
City Comparison
Colona vs. National Median
At $187,572, homes in Colona cost 54% below the national median of $410,000. This makes Colona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colona?
20% Down Payment
$37,514
on $187,572
Monthly P&I
$978/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,242/mo
incl. taxes & insurance
Income Needed
$49,680
gross annual (30% rule)
10% Down Option
$18,757
+ PMI applies
Loan Amount (20% dn)
$150,058
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 Colona, IL?
The median home value in Colona is $187,572 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Colona?
Over the past year, home values in Colona have increased by 9%. Over five years, prices have risen approximately 32.2%.
How much do I need to earn to buy a home in Colona?
To comfortably afford the median home price of $187,572 with a 20% down payment ($37,514) at today's rates (6.8%), you'd need a gross annual income of approximately $49,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Colona compare to the national average home price?
The national median home value is approximately $410,000. At $187,572, homes in Colona are 54% below the national average.
What metro area is Colona part of?
Colona is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.