Home prices
The median home in Colfax is valued at $166,000. Compared to its nearby areas this is roughly $22,580 (11%) lower.It is approximately $51,500 (23%) lower compared to the rest of the nation, and compared to the city of Spokane it is roughly $21,600 (11%) lower.
Rents
Colfax's median monthly rent is $732. This is is very similar compared to the surrounding areas.It is roughly $330 (31%) lower compared to the nation as a whole, and compared to the city of Spokane it is roughly $134 (15%) lower.
Nearby places
Steptoe
Steptoe is roughly 6 miles north of Colfax. Housing prices there are a little more expensive. The median home in Steptoe costs $213,900, which comes out to $47,900 (22%) higher than Colfax. Its rents are somewhat less expensive. The median rent in Steptoe is $671 a month, which comes out to $61 (9%) lower than Colfax.
Albion
Albion is approximately 7 miles southeast from Colfax. Its housing prices are somewhat less expensive. The median home price in Albion is $140,900, which works out to $25,100 (17%) lower than Colfax. Rents there are fairly similar. Albion's median rent is $719 a month, which comes out to $13 (1%) lower than Colfax.
Garfield
Garfield is approximately 10 miles northeast of Colfax. Its real estate prices are somewhat less expensive. Garfield's median home price is $146,000, which is $20,000 (13%) lower than Colfax. The rent there is a bit more expensive. The median monthly rent in Garfield is $911, which comes out to $179 (19%) higher than Colfax.
Palouse
Palouse is approximately 10 miles east from Colfax. Housing prices there are pretty similar. The cost of the median home in Palouse is $169,700, which is $3,700 (2%) higher than Colfax. Rent there is substantially less expensive. Palouse's median monthly rent is $540, which is $192 (35%) lower than Colfax.
Pullman
Pullman is about 12 miles southeast of Colfax. Real estate prices there are substantially more expensive. The median home cost in Pullman is $272,400, which comes out to $106,400 (39%) higher than Colfax. Rent there is somewhat more expensive. Pullman's median monthly rent is $833, which is $101 (12%) higher than Colfax.
