Colfax, IA Real Estate
According to census data in the year 2000 there were 917 housing units in Colfax.
This represents a 6.1% decline from 977 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 917 were located in what is classified as a rural area.
Homeownership rate in Colfax is about 77%.
Colfax's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Colfax were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 8.60% |
| Two Bedrooms | 36% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1944 |
| Median Value of occupied units | $72,300 |
| Median Price asked for vacant units | $53,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $368 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 48.20% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
