Colby Point Home for Sale

Colby Point is a good place to live. Colby Point is considered very car-dependent and somewhat bikeable. Colby Point is a suburban neighborhood. Colby Point has 7 parks for recreational activities.It is sparse in population with 1.0 people per acre and a median age of 42. The average household income is $93,981 which is below the national average. College graduates make up 9.5% of residents. A majority of residents in Colby Point are home owners, with 16% of residents renting and 84% of residents owning their home. A local real estate agent serving Colby Point can help you decide if this neighborhood is the right one for you. Learn more on our Colby Point neighborhood guide.

The median home price in Colby Point is $302,000. If you put a 20% down payment of $60,400 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $1,570 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $67K a year to afford the median home price in Colby Point. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Colby Point is $94K.

The best public schools that serve Colby Point are:

• Prairie Ridge High School has an A Niche grade, a student teacher ratio of 16:1 and an average review score of 4.1.
• McHenry Community High School - Freshman Campus has a B+ Niche grade, a student teacher ratio of 15:1 and an average review score of 3.5.
• Prairie Grove Elementary School has a B+ Niche grade and a student teacher ratio of 13:1.

The most popular zip codes in Colby Point, Prairie Grove, IL include 60050, 60051, 60012, 60042 and 60014.

The most popular neighborhoods near Colby Point, Prairie Grove, IL are Burtons Bridge, McHenry Shores, West Island Lake, East Island Lake and East Lakemoor.

Yes, home prices in Colby Point are down 19% in the last 12 months.