The housing market in Colfax, IN (46035) is booming with a median value of $161,900. This is significantly lower than the US median house value of $338,100 and much more affordable for home buyers. Furthermore, over the past year there has been a 13.98% appreciation in house values in Colfax compared to the 8.27% appreciation seen across the US. This indicates that investing in housing in this area may be a wise choice for those looking to gain equity quickly.
The median home cost in Colfax (zip 46035) is $161,900. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Colfax (zip 46035) is up 18.4%.
Average Age of Homes
- The median age of Colfax (zip 46035) real estate is 59 years old
The Rental Market in Colfax (zip 46035)
- Renters make up 19.2% of the Colfax (zip 46035) population
- 1.1% of houses and apartments in Colfax (zip 46035), 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.