Home Price Key
Affordable
Average
Expensive
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 $133,412, lower than the Indiana average of $175,617.
The average cost of rent is $856/mo in Colfax, primarily driven by the current value of real estate in the Colfax area. While nearly 34.75% of residents own their homes outright in Colfax, 15.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colfax is $5,901 per month. Households that rent pay about 14.51% of their income on rent here. Colfax's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Manson, IN: higher priced homes
- Fickle, IN: higher priced homes
- Clarks Hill, IN: higher priced homes
- Thorntown, IN: higher priced homes
- Jefferson, IN: higher priced homes
- Darlington, IN: equally priced homes
- Stockwell, IN: higher priced homes
- Mechanicsburg, IN: higher priced homes
- Pike, IN: higher priced homes
- Frankfort, IN: less expensive homes
Cities with Similar Populations
- Agra, OK: higher priced homes
- Yeagertown, PA: less expensive homes
- Winfield, IA: less expensive homes
- Wilson, WI: higher priced homes
- Waterloo, CA: higher priced homes
- Turin, GA: higher priced homes
- Sigel, IL: equally priced homes
- Shelbyville, TX: less expensive homes
- Seligman, AZ: less expensive homes
- Levering, MI: higher priced homes
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