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Real Estate Prices & Overview

Colfax median real estate price is $253,182, which is more expensive than 40.4% of the neighborhoods in Texas and 29.1% of the neighborhoods in the U.S.

The average rental price in Colfax is currently $2,089, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.6% of the neighborhoods in Texas.

Colfax is a remote neighborhood (based on population density) located in Ben Wheeler, Texas.

Colfax real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Colfax neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Colfax has a 14.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Colfax neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 27.3% of commuters carpool here, which is more than in 97.9% of all U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Colfax neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.5% of all neighborhoods in America.

People

With a nice mix of college students, safety from crime, and decent walkability, the Colfax neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.0% of the neighborhoods in TX. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Colfax neighborhood has more British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have British ancestry.

Colfax is also pretty special linguistically. Significantly, 1.4% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Colfax neighborhood in Ben Wheeler are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.9% of U.S. neighborhoods. With 26.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.7% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Colfax neighborhood, 35.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.8%), and 14.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Colfax neighborhood is English, spoken by 92.5% of households. Some people also speak Spanish (7.4%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Colfax neighborhood in Ben Wheeler, TX, residents most commonly identify their ethnicity or ancestry as Irish (14.8%). There are also a number of people of English ancestry (14.6%), and residents who report German roots (11.1%), and some of the residents are also of Mexican ancestry (7.9%), along with some Scottish ancestry residents (4.4%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Colfax neighborhood spend between 45 minutes and one hour commuting one-way to work (41.8% of working residents), longer and tougher than most commutes in America.

Here most residents (57.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (27.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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