Market Overview
Home Prices in Colby, WI
The median home value in Colby, WI is $220,480 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.3% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colby are priced46% below average. Colby is part of the Wausau-Weston, WI metro area.
Over the past five years, Colby home values have risen by approximately44.4%, reflecting strong long-term appreciation in this market.
Price History
Colby Home Price Trend
City Comparison
Colby vs. National Median
At $220,480, homes in Colby cost 46% below the national median of $410,000. This makes Colby a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colby?
20% Down Payment
$44,096
on $220,480
Monthly P&I
$1,150/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,461/mo
incl. taxes & insurance
Income Needed
$58,440
gross annual (30% rule)
10% Down Option
$22,048
+ PMI applies
Loan Amount (20% dn)
$176,384
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 Colby, WI?
The median home value in Colby is $220,480 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.3% year-over-year.
How much have home prices changed in Colby?
Over the past year, home values in Colby have increased by 11.3%. Over five years, prices have risen approximately 44.4%.
How much do I need to earn to buy a home in Colby?
To comfortably afford the median home price of $220,480 with a 20% down payment ($44,096) at today's rates (6.8%), you'd need a gross annual income of approximately $58,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Colby compare to the national average home price?
The national median home value is approximately $410,000. At $220,480, homes in Colby are 46% below the national average.
What metro area is Colby part of?
Colby is part of the Wausau-Weston, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.