Colfax, IA is an excellent place to invest in housing. The median value of homes there is $156,500 – lower than the US median value of $338,100. Furthermore, while the US saw a 1-year appreciation of 8.27%, Colfax experienced a 12.55% increase in property values over the same period. These factors combined make Colfax an attractive location for investing in housing and a great opportunity for homeowners looking to build equity or benefit from rising property values.
The median home cost in Colfax is $156,500. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Colfax is up 11.4%.
Average Age of Homes
- The median age of Colfax real estate is 57 years old
The Rental Market in Colfax
- Renters make up 17.7% of the Colfax population
- 0.0% of houses and apartments in Colfax, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.