71417, Colfax, LA

The Colfax, LA zip code 71417 has a median home value of $169,000 and a median home equity of $112,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home value growth in Colfax over the past five years has been 5%. This indicates that there is strong demand for homes in this area and that prices are likely to continue to rise.

One reason for this strong demand is likely the abundance of available housing stock. According to Zillow, as of March 2019 there were 2,811 homes for sale in Colfax. This is more than double the number of homes that were available five years ago (1,394). In addition, there are currently 1,527 active listings in Colfax – indicating that there is still plenty of room for buyers to find a home they’re interested in.

Another factor contributing to the high demand for homes in Colfax is the low unemployment rate. As of March 2019, the unemployment rate was 3%. This means that there are plenty of potential buyers who are looking for a place to call home.

Overall, it appears that prices will continue to rise in Colfax over the next few years. This makes it an excellent area to invest in – especially if you’re looking for stability and predictability when it comes to your monthly mortgage payments.