Colfax, IN Foreclosures
How much do homes sell for in Colfax, IN?
The average home price is currently $250,865.
In Colfax, IN, how many homes are available?
There are currently 4 active home listings available in Colfax.
What’s the average rental cost in Colfax, IN?
The average rental price in Colfax is $1,126.
What is the most expensive home in Colfax?
The most expensive home sold in Colfax had a price of $779,480.
What is currently the cheapest priced home in Colfax, IN?
The cheapest home for sale in Colfax is priced at $37,393.
Living in Colfax, IN
Colfax, IN is a quaint small town that embodies the charm and tranquility of rural life. It offers a close-knit community with essential amenities, outdoor activities, and good educational institutions. Living in Colfax means enjoying a peaceful lifestyle with easy access to larger cities.
Current Market Conditions in Colfax, IN
The current real estate market in Colfax indicates a steady demand for homes, driven by its appeal as a family-friendly community. Potential buyers are attracted to the affordability of homes in the area compared to larger neighboring towns, which contributes to a tight housing supply. As such, properties in Colfax tend to sell quickly, with many listings receiving multiple offers.
Overall home prices in Colfax have experienced gradual growth over the past year, reflecting increased interest from first-time homebuyers and families seeking a quieter lifestyle. As the market continues to develop, Colfax stands out for its reasonable price points and community feel.
Home Value Estimator For Colfax, IN
There are currently 360 real estate properties
in Colfax, IN,
with a median automated valuation model (AVM) price
of $219,365.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Colfax, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Colfax, IN,
is $250,865.00, with the most expensive house
in Colfax, IN, topping out
at $779,480.00 and the cheapest home
in Colfax, IN,
clocking in at $37,393.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Colfax, IN!
Rent Prices
In Colfax, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Colfax, IN, is on
a rollercoaster ride. The
average rent price in Colfax, IN,
is $1,126.00. Indeed, when looking to rent in
Colfax, IN, you can expect to pay as little
as $690.00 or as much
as $1,970.00,
with the average rent median estimated to
be $1,130.00. The good news is that finding
an affordable and desirable property to rent in Colfax, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
