Colon, Nebraska.
Typical home $402,947 (+4.5% in a year). Omaha-Council Bluffs, NE-IA metro.
to buy the typical home at today's mortgage rate — +$1,181 (+126%) since Jan 2020.
- 1 year
- Up $17,520 +5%
- $385,427$402,947 since Sep 2025
- 5 years
- Up $88,651 +28%
- $314,296$402,947 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Colon$2,115
- Nebraska$1,461
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Colon, NE rose 4.5% over the past year — faster than the nation's +1.2%.
Living in Colon, Saunders County, Nebraska
Colon is a village of 107 people in Saunders County. Half its households earn more than $61,563 a year and half less, against $94,066 across Saunders County. Unemployment in Saunders County was 2.2% in August 2026, and the county had 2.1% more jobs in 2025 than the year before. The most people in Saunders County work in schools and health care, then shops.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Colon is a small village in Saunders County, in eastern Nebraska, where neighbors tend to know one another. Household incomes here are below the county's as a whole. Winters are cold and summers are warm, with January the coldest month and July the warmest.
Work. Many residents work in schools, hospitals and social care, or in shops, building trades and manufacturing. Jobs of this kind are spread across the wider county, so many people in the village find work close to home and others travel to nearby towns.
Things to do. Lake Wanahoo, a lake a short drive away, is a easy outing for the afternoon. The Strategic Air and Space Museum and the Love-Larson Opera House, both a longer drive away, offer a museum and a theatre for a day trip.
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What people in Saunders County work in
Employed residents by industry, from the Census survey. Saunders County had 6,040 jobs in 2025, 2.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 12°; warmest in July, with highs near 87° and lows near 64°.
Average daily high and low, 1991–2020, at the Wahoo weather station, 5 miles away (NOAA).
Largest workplaces in Saunders County
- JEO Consulting GroupCivil engineering services450
- Wahoo Public SchoolsSchool district169FTE
- Ashland-greenwood Public SchsSchool district150FTE
- Saunders Medical CenterCritical access hospital140FTE
- Cedar Bluffs Public SchoolsSchool district87FTE
- Darling InternationalRendering plants86
- Yutan Public SchoolsSchool district78FTE
- OSC (Omaha Steel Casting)Steel foundries65
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,167 people in all across the county; Colon has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailVery high
- Strong windVery high
- TornadoesVery high
- DroughtRelatively high
- Ice stormsRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Colon’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Saunders County and the Omaha-Council Bluffs, NE-IA metro.
Colon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Colon$402,947
- Nebraska$278,299
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Colon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Colon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.