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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 $145,187, lower than the Illinois average of $300,242.
The average cost of rent is $903/mo in Colfax, primarily driven by the current value of real estate in the Colfax area. In Colfax, 26.98% of households rent, and 38.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colfax is $6,420 per month. Households that rent pay about 14.06% of their income on rent here. Colfax’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Anchor, IL: higher priced homes
- Cooksville, IL: equally priced homes
- Cropsey, IL: higher priced homes
- Arrowsmith, IL: equally priced homes
- Ellsworth, IL: higher priced homes
- Saybrook, IL: less expensive homes
- Lexington, IL: higher priced homes
- Weston, IL: higher priced homes
- Padua, IL: higher priced homes
- Garber, IL: equally priced homes
Cities with Similar Populations
- Round Rock, AZ: less expensive homes
- DeFord, MI: higher priced homes
- Denver, OH: equally priced homes
- Diamond Springs, MI: higher priced homes
- Dudley, GA: higher priced homes
- Eastport, ME: higher priced homes
- Edgerton, MI: higher priced homes
- Eudora, MS: higher priced homes
- Francisco, IN: higher priced homes
- Georgetown, FL: less expensive homes
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