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 $96,827, lower than the Louisiana average of $194,522.
The average cost of rent is $683/mo in Colfax, primarily driven by the current value of real estate in the Colfax area. While nearly 58.09% of residents own their homes outright in Colfax, 25.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colfax is $4,020 per month. Households that rent pay about 16.98% of their income on rent here. Colfax's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
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Cities with Similar Populations
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- Montague, NJ: higher priced homes
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