Colfax, IN Real Estate
According to census data in the year 2000 there were 308 housing units in Colfax.
This represents a 12.4% growth from 274 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.
Homeownership rate in Colfax is about 82.9%.
Colfax's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Colfax were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 12.30% |
| Two Bedrooms | 16.20% |
| Three Bedrooms | 62.70% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $72,500 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1973 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.20% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 51.20% |
| Debt Free | 28.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
