Colony, AL housing market
The typical Colony home is worth about $146,000, down 4.3% in a year, 39% below the Alabama typical home.
Home values, sales, trends and how Colony compares with the towns next door — updated as new data is published.
Colony at a glance
Typical home value, 2022–2026
Show as a table
| January | Colony | Alabama |
|---|---|---|
| 2023 | $172,000 | $228,000 |
| 2024 | $158,000 | $233,000 |
| 2025 | $162,000 | $238,000 |
| 2026 | $146,000 | $239,000 |
| August 2026 | $146,000 | $242,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,020
HUD's Fair Market Rent for a two-bedroom in Colony is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Colony pay a median of $625, so moving in tends to cost more than staying put.
Studio $810 · 4 bedrooms $1,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (35077; Birmingham-Hoover, AL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.