Colfax, IL Real Estate
According to census data in the year 2000 there were 428 housing units in Colfax.
This represents a 14.4% growth from 374 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 428 were located in what is classified as a rural area.
Homeownership rate in Colfax is about 80%.
Colfax's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Colfax were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.70% |
| Two Bedrooms | 33.60% |
| Three Bedrooms | 40% |
| Four Bedrooms | 16.80% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $74,000 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.75 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 3.40% |
| Simple Mortgage | 46.30% |
| Debt Free | 42.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
