Colfax, LA is a city located in Louisiana, and its housing median value is substantially lower than the national average of $338,100. The 1 year appreciation rate for housing in Colfax is at 1.02%, which is significantly lower than the 8.27% appreciation rate nationally. For those looking to buy a home in Colfax, the prices are much more affordable compared to other areas of the U.S., but it may not appreciate as much over time as other cities or states.
The median home cost in Colfax is $106,700. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Colfax is up 10.7%.
Average Age of Homes
- The median age of Colfax real estate is 41 years old
The Rental Market in Colfax
- Renters make up 35.3% of the Colfax population
- 3.7% 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.