Real Estate Investing in Colfax, Louisiana (71423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71423 (Colfax, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colfax, LA (71423)?
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Market Analysis: 71423 Colfax
ZIP 71423 in Colfax, LA carries a durable set of headwinds. Home values near $202K and rents of $900/mo sit inside a market where underwriting has to be tight.
The investment case in 71423 is impressive only for operators who understand what they are buying. A $202K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 71423 sits on the difficult end of the LA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 71423 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 71423 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Colfax:
Market Trends
Home Value History (with trend line)
📊 How Does 71423 Compare?
| Metric | 71423 | Colfax | Alexandria, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $201,715 | $162,806 | N/A | $207,909 |
| 5-Year CAGR | 2.3% | 0.3% | N/A | 0.7% |
| Avg Rent | $900 | $869 | N/A | - |
| Cap Rate | 3.5% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71423 (Colfax, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,715 |
| Monthly Rent | $900 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +2.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71423
Population: 5,058
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71423
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How do home values compare in Colfax, LA?
Homes in Colfax, LA typically sell near $202K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How high is vacancy risk in Colfax, LA?
Vacancy risk in Colfax, LA is elevated. That supports reliable cash flow for typical rental holds.
What is the typical renter like in Colfax, LA?
Colfax, LA offers a reliable renter base at the $900/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Colfax, LA a good market for FHA house hackers?
Colfax, LA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $900/mo rent level.
Is Colfax, LA landlord-friendly?
LA law landlord-friendly for landlords, and Colfax inherits those rules. Investors should still review local ordinances for rental licensing.
You know 71423 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 71423 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 71423 ranks in Alexandria, LA
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