Colfax, CA is a great place to buy a home as the median value is significantly lower than the national average. This means that Colfax is an affordable option for many people looking to purchase a home. However, over the last year, the appreciation of homes in Colfax has been much lower than the US average at just 2.25%, making it a good place to find a reasonable home but not necessarily one that will appreciate quickly.
The median home cost in Colfax is $481,800. Home appreciation the last 10 years has been 143.8%. Home Appreciation in Colfax is up 10.0%.
Average Age of Homes
- The median age of Colfax real estate is 36 years old
The Rental Market in Colfax
- Renters make up 50.7% of the Colfax population
- 1.0% 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.