Colfax, LA—71423
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 $192,000, with a year-over-year change of 0.4%. This indicates that home prices in Colfax, LA are flat. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 0.4% |
| Single Family | $192,000 | 0.5% |
| 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 | $221,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colfax, LA
As of July '25, Rentcast reports the average rent in Colfax, LA is $1,700, with a year-over-year rent change of 88.9%. Per bedroom, the median rent as of July '25 in Colfax, LA is 3-bedrooms: $1,700. The most common rental property sizes in Colfax, LA are 3-bedroom and 2-bedroom, accounting for 62.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,700 |
| 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 35. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | 32.0% |
Listing Count | 10 | -47.0% |
| Listings as % of Homes | 0.4% | -47.0% |
Days on Market | 35 | 9.0% |
Demographics — Colfax, LA
As of the latest ACS Survey released in 2023, Colfax, LA has a population of 5,060, which has increased by 16.7% over the past 5 years. Colfax, LA is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,060 | 16.7% |
% Under 18 | 26.5% | -6.4% |
% Seniors | 16.4% | 35.5% |
% WFH | 4.3% | 95.5% |
% w/ College Degree | 11.5% | -21.8% |
As of the latest ACS Survey released in 2023, Colfax, LA is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Colfax, LA is black, making up 2.0% of the population. Foreign-born residents account for 0.1% of the population in Colfax, LA, and this percentage has decreased by 75.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.0% | -7.9% |
% Black | 2.0% | 300.0% |
% Hispanic | 0.6% | 500.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -75.0% |
Mortgage and Risk — Colfax, LA
According to HUD data as of 2023, there were 106 mortgage originations in Colfax, LA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, LA. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
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 | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | $190 | $1,200 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Colfax, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $192,000 |
| Median Household Income | $62,800 |