Colfax, LA—71417
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Colfax, LA
Home Price Trends — Colfax, LA
As of Oct '25, the median home price in Colfax, LA is $113,000, with a year-over-year change of -4.2%. This indicates that home prices in Colfax, LA are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $113,000 | -4.2% |
| Single Family | $113,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colfax, LA
Colfax, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Colfax, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Colfax, LA is 99. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | 26.0% |
Listing Count | 13 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 99 | -12.0% |
Demographics — Colfax, LA
As of the latest ACS Survey released in 2023, Colfax, LA has a population of 4,680, which has decreased by -17.1% over the past 5 years. Colfax, LA is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,680 | -17.1% |
% Under 18 | 20.7% | -13.0% |
% Seniors | 19.7% | 3.7% |
% WFH | 3.7% | 516.7% |
% w/ College Degree | 15.0% | 66.7% |
As of the latest ACS Survey released in 2023, Colfax, LA is a predominantly white area, with 65.0% of the population identifying as white. The white population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Colfax, LA is black, making up 30.0% of the population. Foreign-born residents account for 2.0% of the population in Colfax, LA, and this percentage has increased by 81.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.0% | 5.0% |
% Black | 30.0% | -15.0% |
% Hispanic | 1.0% | -41.2% |
% Asian | 1.9% | ∞% |
% Foreign Born | 2.0% | 81.8% |
Mortgage and Risk — Colfax, LA
According to HUD data as of 2023, there were 28 mortgage originations in Colfax, LA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, LA. Investor activity is high, as 32.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 28 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 32.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Colfax, LA
Colfax, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Colfax, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $113,000 |
| Median Household Income | $49,400 |