Similar to the surrounding areas, it's substantially less expensive compared to the rest of the nation. Compared to the city of Peoria, it is close to average.
Home prices
The value of the median home in Colona is $123,700. Compared to other places in this area this is about $4,860 (4%) higher.It is approximately $93,800 (43%) lower compared to the rest of the nation, and compared to the city of Peoria is about $2,000 (1%) lower.
Rents
The median monthly rent in Colona is $815. Compared to its nearby areas this is roughly $58 (6%) lower.Compared to the rest of the nation it is roughly $247 (23%) lower, and is roughly $9 (1%) higher compared to the city of Peoria.
Nearby places
Cleveland
Cleveland is about 2 miles northeast from Colona. Its housing prices are a little less expensive. Cleveland's median home value is $97,500, which is $26,200 (26%) lower than Colona. Rent there is somewhat more expensive. Cleveland's median monthly rent is $933, which works out to $118 (12%) higher than Colona.
Carbon Cliff
Carbon Cliff is about 2 miles northwest from Colona. Housing prices there are a little less expensive. The median home in Carbon Cliff costs $103,900, which works out to $19,800 (19%) lower than Colona. Rent there is fairly similar. Carbon Cliff's median rent is $837 a month, which comes out to $22 (2%) higher than Colona.
Silvis
Silvis is approximately 3 miles northwest of Colona. The housing prices there are a little less expensive. The median home in Silvis costs $117,600, which is $6,100 (5%) lower than Colona. Rent there is similar. The median monthly rent in Silvis is $798, which is $17 (2%) lower than Colona.
East Moline
East Moline is approximately 3 miles northwest from Colona. The housing prices there are somewhat less expensive. East Moline's median home value is $110,800, which is $12,900 (11%) lower than Colona. Its rents are a bit less expensive. In East Moline the median monthly rent is $658, which is $157 (23%) lower than Colona.
Coal Valley
Coal Valley is approximately 4 miles west from Colona. Its housing prices are a little more expensive. The median home value in Coal Valley is $164,400, which works out to $40,700 (24%) higher than Colona. Rents there are a little more expensive. Coal Valley's median monthly rent is $1,137, which works out to $322 (28%) higher than Colona.
