The Colony median real estate price is $109,836, which is more expensive than 58.1% of the neighborhoods in Alabama and 24.6% of the neighborhoods in the U.S.
The average rental price in The Colony is currently $809, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.9% of Alabama neighborhoods.
The Colony is a rural neighborhood (based on population density) located in Cullman, Alabama.
The Colony real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the The Colony neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in The Colony. The current real estate vacancy rate here is 22.8%. This is higher than the rate of vacancies in 88.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (12.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.