Living in Colfax, ND
Colfax is a small yet charming community in southeastern North Dakota, known for its close-knit atmosphere and agricultural roots. The town offers a quiet, rural lifestyle with a strong sense of community values. Residents enjoy the beauty of the surrounding natural landscapes, while still having access to nearby cities for additional amenities.
Current Market Conditions in Colfax, ND
The real estate market in Colfax is reflective of its rural charm, with homes remaining affordable compared to urban areas. Demand remains steady, particularly among families seeking a quieter lifestyle. Colfax attracts buyers looking for single-family homes, often with spacious yards, ideal for those with agricultural interests or hobbies.
Given its small size, the turnover in real estate can be slow, but desirability for rural living continues to support a stable market.
Home Value Estimator For Colfax, ND
There are currently 84 real estate properties
in Colfax, ND,
with a median automated valuation model (AVM) price
of $281,429.00. 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, ND, 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, ND,
is $315,810.00, with the most expensive house
in Colfax, ND, topping out
at $911,668.00 and the cheapest home
in Colfax, ND,
clocking in at $36,995.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Colfax, ND!
Rent Prices
In Colfax, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Colfax, ND, is on
a rollercoaster ride. The
average rent price in Colfax, ND,
is $1,288.00. Indeed, when looking to rent in
Colfax, ND, you can expect to pay as little
as $710.00 or as much
as $1,940.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Colfax, ND
-- 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.
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