Colfax, ND is an interesting market when it comes to housing. The median value of homes in Colfax is $283,200, which is significantly lower than the US house median value of $338,100. However, what’s notable is that the house appreciation rate in Colfax was 12.36% over the last year compared to 8.27% nationally. This makes Colfax an attractive place for those looking to invest in real estate as they can get a better return on their investment than other areas of the country.
The median home cost in Colfax is $283,200. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Colfax is up 13.5%.
Average Age of Homes
- The median age of Colfax real estate is 38 years old
The Rental Market in Colfax
- Renters make up 1.7% 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.