Home prices
The median home in Colchester costs $67,200. This is roughly $14,580 (17%) lower in comparison to nearby areas.In comparison to the nation as a whole it is approximately $150,300 (69%) lower, and compared to the city of Peoria it is about $58,500 (46%) lower.
Rents
Colchester's median monthly rent is $663. It is roughly $71 (9%) lower compared to its surrounding areas.It is about $399 (37%) lower compared to the US as a whole, and in comparison to the city of Peoria is roughly $143 (17%) lower.
Nearby places
Tennessee
Tennessee is roughly 2 miles southwest from Colchester. Its housing prices are somewhat more expensive. The median home in Tennessee costs $70,800, which comes out to $3,600 (5%) higher than Colchester. Rent there is a bit less expensive. The median monthly rent in Tennessee is $608, which is $55 (9%) lower than Colchester.
Georgetown
Georgetown is roughly 4 miles northeast from Colchester. The real estate prices there are a bit more expensive. The median home value in Georgetown is $91,600, which comes out to $24,400 (26%) higher than Colchester. Rent there is significantly more expensive. In Georgetown the median rent is $1,142 a month, which comes out to $479 (41%) higher than Colchester.
Macomb
Macomb is about 5 miles northeast of Colchester. Housing prices there are a lot more expensive. The median home in Macomb costs $101,400, which comes out to $34,200 (33%) higher than Colchester. Rents there are fairly similar. In Macomb the median monthly rent is $688, which is $25 (3%) higher than Colchester.
Blandinsville
Blandinsville is about 9 miles north from Colchester. The housing prices there are similar. Blandinsville's median home cost is $68,300, which comes out to $1,100 (1%) higher than Colchester. Rent there is somewhat less expensive. In Blandinsville the median rent is $569 a month, which is $94 (16%) lower than Colchester.
Good Hope
Good Hope is about 10 miles northeast from Colchester. The real estate prices there are somewhat more expensive. The median home in Good Hope costs $76,800, which comes out to $9,600 (12%) higher than Colchester. Rent there is fairly similar. Good Hope's median monthly rent is $661, which is very similar to Colchester.
