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Learn about the people, housing, costs and businesses in Colchester, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Colchester.
True all-in cost — P&I, taxes, insurance & utilities for homes in Colchester.
Find and compare lenders active near Colchester.
FEMA flood zones and flood insurance estimates for Colchester.
Seismic risk and earthquake insurance estimates for Colchester.
Wildfire exposure and insurance estimates for Colchester.
As of today, the 30-year fixed mortgage rate for Colchester is approximately 7.625% (7.685% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for ColchesterThe median home value in Colchester is $127k. The median monthly rent is $755. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Colchester have increased 42.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $749/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colchester is $62k/year.
Calculate your buying powerThe largest employment sectors in Colchester are public administration (26%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.