Market Overview
Home Prices in Colony, OK
The median home value in Colony, OK is $187,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.3% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colony are priced54% below average.
Over the past five years, Colony home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Colony Home Price Trend
2020
$121,490
$121K
—
2021
$143,344
$143K
+18.0%
2022
$171,901
$172K
+19.9%
2023
$159,435
$159K
-7.3%
2024
$162,551
$163K
+2.0%
2025
$171,761
$172K
+5.7%
2026
$187,817
$188K
+9.3%
City Comparison
Colony vs. National Median
🏠 Colony
$187,817
National Median
$410,000
At $187,817, homes in Colony cost 54% 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
$37,563
on $187,817
Monthly P&I
$980/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,245/mo
incl. taxes & insurance
Income Needed
$49,800
gross annual (30% rule)
10% Down Option
$18,782
+ PMI applies
Loan Amount (20% dn)
$150,254
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, OK?
The median home value in Colony is $187,817 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.3% year-over-year.
How much have home prices changed in Colony?
Over the past year, home values in Colony have increased by 9.3%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Colony?
To comfortably afford the median home price of $187,817 with a 20% down payment ($37,563) at today's rates (6.8%), you'd need a gross annual income of approximately $49,800. 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 $187,817, homes in Colony are 54% below the national average.