Similar to the surrounding areas, it's similar compared to the United States as a whole. However it's a little less expensive compared to the city of Worcester.
Home prices
The price of the median home in Colchester is $213,600. Compared to its surrounding areas this is is very similar.It is roughly $3,900 (1%) lower in comparison to the entire nation, and compared to the city of Worcester is about $13,500 (5%) lower.
Rents
The median monthly rent in Colchester is $1,211. Compared to its surrounding areas this is about $147 (13%) higher.Compared to the rest of the country it is roughly $149 (14%) higher, and in comparison to the city of Worcester it is about $116 (10%) higher.
Nearby places
East Hampton
East Hampton is about 7 miles west from Colchester. Its real estate prices are a little more expensive. East Hampton's median home value is $241,200, which comes out to $27,600 (11%) higher than Colchester. Its rents are a bit less expensive. In East Hampton the median monthly rent is $1,153, which comes out to $58 (5%) lower than Colchester.
Moodus
Moodus is approximately 7 miles southwest from Colchester. Its real estate prices are a little more expensive. The price of the median home in Moodus is $263,900, which works out to $50,300 (19%) higher than Colchester. Rents there are a little less expensive. In Moodus the median monthly rent is $1,023, which comes out to $188 (18%) lower than Colchester.
Lake Pocotopaug
Lake Pocotopaug is roughly 8 miles west of Colchester. Real estate prices there are a bit more expensive. The cost of the median home in Lake Pocotopaug is $268,600, which comes out to $55,000 (20%) higher than Colchester. Its rents are fairly similar. The median monthly rent in Lake Pocotopaug is $1,240, which comes out to $29 (2%) higher than Colchester.
South Windham
South Windham is approximately 9 miles northeast from Colchester. The housing prices there are substantially less expensive. The price of the median home in South Windham is $149,300, which works out to $64,300 (43%) lower than Colchester. The rent there is somewhat less expensive. In South Windham the median rent is $1,026 a month, which is $185 (18%) lower than Colchester.
Willimantic
Willimantic is roughly 10 miles northeast of Colchester. The real estate prices there are substantially less expensive. Willimantic's median home price is $148,900, which works out to $64,700 (43%) lower than Colchester. Rents there are significantly less expensive. In Willimantic the median monthly rent is $877, which is $334 (38%) lower than Colchester.
