Colfax, MN is a great place to invest in housing. The median value of a house in Colfax is $374,300, which is higher than the US median value of $338,100. Furthermore, the appreciation rate of housing in Colfax has been 12.21%, significantly higher than the 8.27% appreciation rate for the US average over the last year. Homeowners investing in Colfax would not only be able to purchase a home at a relatively high value but also benefit from increased returns on their investments through rising home values.
The median home cost in Colfax is $374,300. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Colfax is up 12.8%.
Average Age of Homes
- The median age of Colfax real estate is 34 years old
The Rental Market in Colfax
- Renters make up 3.2% 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.