Home Insurance in Colfax, Louisiana
With a median home value of $73,400, Colfax is 49% lower than the Grant Parish median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Colfax was built around 1971. About 43% of homes were built before 1960, about 26 points above Grant Parish's 16%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Colfax is 68% single-family homes, 5% apartments in buildings with 5+ units and 20% mobile or manufactured homes.
About 38% of owner-occupied homes in Colfax have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Colfax has an owner-occupancy rate of 53% and a vacancy rate of 28%; unoccupied homes typically need a different coverage form.
Most homes in Colfax - 56% - are primarily heated with electricity.
Grant Parish's top FEMA-rated hazard is hurricane (Relatively Low), per FEMA's National Risk Index. Grant Parish had 165 active NFIP flood policies as of September 2026. See the full Grant Parish home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Louisiana carries a statewide average premium of $3,027 per year.
Key figures
| Median home value | $73,400 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 53% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Grant Parish | 165 |
| Home insurance premium | $3,027 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)