Colona, IL housing market
The median sale price was $234,000 in May 2026.
Home values, sales, trends and how Colona compares with the towns next door — updated as new data is published.
Colona at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Colona rose 47% over the past 5 years, about the same as across Illinois. Last year prices rose 16%. Carrying the Census median home value forward with that index puts the typical Colona home at roughly $222,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +16% | +99% | +96% |
| 2024 | +1.3% | +72% | +85% |
| 2023 | +5.3% | +69% | +73% |
| 2022 | +11% | +61% | +61% |
| 2021 | +7.3% | +45% | +44% |
| 2020 | +0.5% | +35% | +33% |
| 2019 | +1.6% | +34% | +32% |
| 2018 | +1.3% | +32% | +28% |
| 2017 | +1.3% | +31% | +25% |
| 2016 | +5.9% | +29% | +22% |
| 2015 | −4.7% | +22% | +19% |
| 2014 | +4% | +28% | +15% |
| 2013 | +2.1% | +23% | +11% |
| 2012 | +0.2% | +20% | +11% |
| 2011 | −2.5% | +20% | +14% |
| 2010 | +0.6% | +23% | +21% |
| 2009 | −2.5% | +22% | +29% |
| 2008 | 0% | +26% | +40% |
| 2007 | +3.6% | +26% | +45% |
| 2006 | +2.7% | +21% | +43% |
| 2005 | +6.3% | +18% | +35% |
| 2004 | +1.6% | +11% | +24% |
| 2003 | +3.8% | +9.3% | +15% |
| 2002 | +1.5% | +5.3% | +11% |
| 2001 | +3.8% | +3.8% | +5.6% |
| 2000 | — | — | — |
How Colona ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61241, 61240, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2025
No permits for new homes were issued in Colona in 2025. The last year with any was 2023 (8 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Colona's population fell by 54 even though 80 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 8 | 8 | 0 | $354,000 |
| 2022 | 5 | 1 | 4 | $702,000 |
| 2021 | 2 | 2 | 0 | $582,000 |
| 2020 | 6 | 4 | 2 | $916,000 |
| 2019 | 1 | 1 | 0 | $140,000 |
| 2018 | 8 | 8 | 0 | $1.6 million |
| 2017 | 3 | 3 | 0 | $400,000 |
| 2016 | 8 | 6 | 2 | $1.2 million |
| 2015 | 6 | 6 | 0 | $1.1 million |
| 2014 | 11 | 9 | 2 | $1.6 million |
| 2013 | 25 | 23 | 2 | $3 million |
| 2012 | 6 | 6 | 0 | $680,000 |
| 2011 | 6 | 6 | 0 | $799,000 |
| 2010 | 6 | 6 | 0 | $679,000 |
| 2009 | 4 | 4 | 0 | $370,000 |
| 2008 | 2 | 2 | 0 | $320,000 |
| 2007 | 24 | 24 | 0 | $3.7 million |
| 2006 | 26 | 26 | 0 | $4 million |
| 2005 | 16 | 16 | 0 | $1.5 million |
| 2004 | 16 | 16 | 0 | $1.4 million |
| 2003 | 22 | 22 | 0 | $1.6 million |
| 2002 | 15 | 15 | 0 | $1.2 million |
| 2001 | 11 | 7 | 4 | $678,000 |
| 2000 | 12 | 12 | 0 | $814,000 |
Colona's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Colona ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Colona and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Colona | +16%† | $1,130 | 0 | $79,700 |
| Edford | +7.7%† | $1,150 | — | $101,125 |
| Hanna | +11.2%† | $1,130 | — | $110,776 |
† FHFA price index change, where Zillow has no home value for the town.
1.9 years of income
The typical Colona home costs about 1.9 years of the town's median household income, less than across Illinois (3.6 years).
How Colona ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Colona is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Colona pay a median of $838, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $800 · 4 bedrooms $1,790
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61240, 61241; Davenport-Moline-Rock Island, IA-IL MSA), 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.
Recent listings in Colona
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.