Housing in 61728 Colfax, IL has seen an impressive rate of appreciation over the past year. The median value of housing currently stands at $131,600, which is significantly lower than the national median value of $338,100. However, this discrepancy is offset by a rapid 14.21% house appreciation in the area over the last year — much higher than the 8.27% national average. With such strong growth in recent times, Colfax remains an attractive location for prospective homeowners looking to purchase property.
The median home cost in Colfax (zip 61728) is $131,600. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Colfax (zip 61728) is up 16.3%.
Average Age of Homes
- The median age of Colfax (zip 61728) real estate is 65 years old
The Rental Market in Colfax (zip 61728)
- Renters make up 19.5% of the Colfax (zip 61728) population
- 0.0% of houses and apartments in Colfax (zip 61728), 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.