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These days, finding an affordable place to live in the Colfax area can be challenging. Home prices in Colfax are now at a median cost of $493,838, lower than the California average of $812,006.
The average cost of rent is $1,614/mo in Colfax, primarily driven by the current value of real estate in the Colfax area. In Colfax, 23.75% of households rent, and 37.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colfax is $7,551 per month. Households that rent pay about 21.38% of their income on rent here. Colfax’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shady Glen, CA: higher priced homes
- Weimar, CA: higher priced homes
- Heather Glen, CA: higher priced homes
- Magra, CA: equally priced homes
- Alta Sierra, CA: higher priced homes
- Applegate, CA: higher priced homes
- Meadow Vista, CA: higher priced homes
- Foresthill, CA: equally priced homes
- Iowa Hill, CA: higher priced homes
- Grass Valley, CA: equally priced homes
Cities with Similar Populations
- Hilliard, FL: less expensive homes
- Rockwood, VA: less expensive homes
- Riviera Beach, MD: less expensive homes
- Riverside, CT: higher priced homes
- Lake Hopatcong, NJ: less expensive homes
- Lagrange, IN: less expensive homes
- La Trocha, PR: less expensive homes
- La Junta, CO: less expensive homes
- Kingston, WA: higher priced homes
- Jefferson, WI: less expensive homes
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