Colby, KS housing market
The typical Colby home is worth about $186,000, up 2.1% in a year, 26% below the Kansas typical home.
Home values, sales, trends and how Colby compares with the towns next door — updated as new data is published.
Colby at a glance
Typical home value, 2016–2026
Show as a table
| January | Colby | Kansas |
|---|---|---|
| 2017 | $117,000 | $138,000 |
| 2018 | $120,000 | $144,000 |
| 2019 | $125,000 | $151,000 |
| 2020 | $130,000 | $160,000 |
| 2021 | $138,000 | $176,000 |
| 2022 | $156,000 | $198,000 |
| 2023 | $163,000 | $216,000 |
| 2024 | $162,000 | $225,000 |
| 2025 | $174,000 | $240,000 |
| 2026 | $185,000 | $246,000 |
| August 2026 | $186,000 | $250,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Colby in 2025. That's 0.2 per 1,000 residents, slower than across Kansas (3.7). Over the past 10 years, Colby has permitted 61 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Colby gained 183 residents while 106 new homes were permitted: about 1.7 new residents per new home. Building and growth moved roughly in step. Across Kansas: 1.1 new residents per new home.
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) | 1 | 1 | 0 | $459,000 |
| 2025 | 1 | 1 | 0 | $459,000 |
| 2024 | 5 | 5 | 0 | $2.3 million |
| 2023 | 5 | 5 | 0 | $2.4 million |
| 2022 | 12 | 12 | 0 | $4.1 million |
| 2021 | 16 | 6 | 10 | $3.6 million |
| 2020 | 1 | 1 | 0 | $500,000 |
| 2019 | 3 | 3 | 0 | $795,000 |
| 2018 | 5 | 5 | 0 | $754,000 |
| 2017 | 4 | 4 | 0 | $480,000 |
| 2016 | 9 | 9 | 0 | $2.5 million |
| 2015 | 18 | 18 | 0 | $3.1 million |
| 2014 | 35 | 0 | 35 | $5.6 million |
| 2013 | 30 | 0 | 30 | $4.8 million |
| 2012 | 1 | 1 | 0 | $176,000 |
| 2011 | 1 | 1 | 0 | $500,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $435,000 |
| 2006 | 2 | 2 | 0 | $350,000 |
| 2005 | 3 | 3 | 0 | $520,000 |
| 2004 | 3 | 3 | 0 | $700,000 |
| 2003 | 3 | 3 | 0 | $356,000 |
| 2002 | 3 | 3 | 0 | $365,000 |
| 2001 | 1 | 1 | 0 | $90,000 |
| 2000 | 3 | 3 | 0 | $411,000 |
Colby's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Colby 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.
2.9 years of income
The typical Colby home costs about 2.9 years of the town's median household income, less than across Kansas (3.4 years).
How Colby 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 $880
HUD's Fair Market Rent for a two-bedroom in Colby is $880 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Colby pay a median of $750, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $640 · 4 bedrooms $1,280
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (67701; Rawlins County, KS), 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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.