Colfax, LA 71423 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Colfax, LA—71423

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$201,000

1.2% YoY Growth

Household Income

$62,800

21.5% YoY Growth

Days on Market

127

40.0% Longer YoY

Home Price Forecast

-2.4%

Median Rent

$1,200

88.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

142.9% YoY Growth

Other Zip Codes in Colfax, LA

71417

Home Price Trends — Colfax, LA

As of May '26, the median home price in Colfax, LA is $201,000, with a year-over-year change of 1.2%. This indicates that home prices in Colfax, LA are increasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$201,000	1.2%
Single Family	$200,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

1.0%

2 Bedrooms

29.5%

3 Bedrooms

62.5%

4 Bedrooms

4.0%

5+ Bedrooms

3.0%

Property Listings — Colfax, LA

As of May '26, Realtor.com reports that the median days on market for a home in Colfax, LA is 127. This is a increase of 40.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$290,000	-2.0%
Listing Count	12	-4.0%
Listings as % of Homes	0.4%	-4.0%
Days on Market	127	40.0%

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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%

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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%

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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%

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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

Colfax, LA—71423

Key Metrics at a Glance

Other Zip Codes in Colfax, LA

Home Price Trends — Colfax, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colfax, LA

% of Rental Stock

Property Listings — Colfax, LA

Demographics — Colfax, LA

Race and Ethnicity

Mortgage and Risk — Colfax, LA

Mortgages

Rentals and Section 8 — Colfax, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Colfax, LA

Home Price to Income Ratio

Colfax, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Bentley, LA

Colfax, LA

Pollock, LA

Zion, LA

Atlanta, LA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$201,000
Median Household Income	$62,800

Colfax, LA—71423

Key Metrics at a Glance

Other Zip Codes in Colfax, LA

Home Price Trends — Colfax, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colfax, LA

% of Rental Stock

Property Listings — Colfax, LA

Demographics — Colfax, LA

Race and Ethnicity

Mortgage and Risk — Colfax, LA

Mortgages

Rentals and Section 8 — Colfax, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Colfax, LA

Home Price to Income Ratio

Colfax, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Bentley, LA

Colfax, LA

Pollock, LA

Zion, LA

Atlanta, LA

Frequently Asked Questions

What is the average home price in Colfax, LA 71423?

How have home prices in Colfax, LA 71423 changed over the past year?

What is the home price projection for Colfax, LA 71423?

What are the demographics of Colfax, LA 71423?

How long does it take homes to sell in Colfax, LA 71423?

What is the average rent price in Colfax, LA 71423?