How much do homeowners pay a month in Colfax, LA?
Homeowners with a mortgage in Colfax, LA pay a median of $1,071 (±$493) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $369 (±$72).
37.7% of owned homes carry a mortgage.
In Colfax, the median monthly cost with a mortgage went from $774 in 2015–2019 to $1,071 in 2020–2024 (+38.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,071 (±$493)
- Without a mortgage
- $369 (±$72)
- Owned with a mortgage
- 37.7%
Monthly owner costs in Colfax
| Colfax | Grant Parish | Louisiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,071 (±$493) | $1,362 (±$70) | $1,604 (±$9) | $1,963 |
| Without a mortgage | $369 (±$72) | $365 (±$36) | $442 (±$4) | $638 |
| Owned homes with a mortgage | 37.7% (±18.5 points) | 44.2% (±4.4 points) | 52.2% (±0.4 points) | 60.6% |
| Median real estate taxes (a year) | $200 or less | $862 (±$163) | $1,180 (±$13) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Colfax, the median cost with a mortgage is not measurably different from Grant Parish ($1,362).
It is also lower than in Louisiana ($1,604).
It is lower than the national figure ($1,963).
In Grant Parish, Colfax ranks 3 of 5 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 297 of 384.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Colfax have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $774 (±$47) | $1,071 (±$493) | +38.4% | No measurable change after inflation |
| Median home value | $72,300 (±$8,296) | $73,400 (±$27,733) | +1.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Colfax
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Colfax | — | $1,071 (±$493) | — |
| Boyce | 9.1 mi | $975 (±$238) | Not measurably different |
| Dry Prong | 11 mi | $993 (±$196) | Not measurably different |
| Montgomery | 15 mi | $689 (±$510) | Not measurably different |
| Pollock | 15 mi | $1,227 (±$482) | Not measurably different |
| Ball | 19 mi | $1,577 (±$143) | Not measurably different |
| Atlanta | 20 mi | $992 (±$153) | Not measurably different |
| Alexandria | 21 mi | $1,548 (±$135) | Not measurably different |
| Pineville | 21 mi | $1,563 (±$169) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Grant Parish, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Georgetown | $1,250 (±$744) |
| 2 | Pollock | $1,227 (±$482) |
| 3 | Colfax | $1,071 (±$493) |
| 4 | Dry Prong | $993 (±$196) |
| 5 | Montgomery | $689 (±$510) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Colfax
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Colfax beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Colfax, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Colfax, and send estimates and invoices from your phone.
Questions about Colfax
What is the average mortgage payment in Colfax?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Colfax, LA is $1,071 (±$493) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Colfax?
Owners without a mortgage in Colfax pay a median of $369 (±$72) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Colfax gone up?
In Colfax, the median monthly cost with a mortgage went from $774 in 2015–2019 to $1,071 in 2020–2024 (+38.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Colfax town, Louisiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Colfax town, Louisiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Colfax town, Louisiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Colfax town, Louisiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Colfax town, Louisiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Colfax town, Louisiana (place:16375, in state:22).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Colfax at a glance
- Median rent in Colfax
- Rent by bedrooms in Colfax
- Rent burden in Colfax
- Renters and owners in Colfax
- Income and affordability in Colfax
- Home values in Colfax
- Property taxes in Colfax
- Types of homes in Colfax
- Bedrooms in Colfax
- Age of homes in Colfax
- Heating fuel in Colfax
- Commute and cars in Colfax
- Population growth in Colfax
- How long people stay in Colfax
- Louisiana landlord and tenant rules
- Housing across Grant Parish
- Housing data for every place in Louisiana