Colfax, NC 27235 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Colfax, NC—27235

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$403,000

2.0% YoY Growth

Household Income

$101,000

13.7% YoY Growth

Days on Market

112

6.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,500

13.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,900

6.0% YoY Growth

Home Price Trends — Colfax, NC

As of Dec '25, the median home price in Colfax, NC is $403,000, with a year-over-year change of 2.0%. This indicates that home prices in Colfax, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$403,000	2.0%
Single Family	$404,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Colfax, NC

As of July '25, Rentcast reports the average rent in Colfax, NC is $2,440, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in Colfax, NC is 3-bedrooms: $1,930, 4-bedrooms: $2,820. The most common rental property sizes in Colfax, NC are 2-bedroom and 3-bedroom, accounting for 40.8% and 25.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,440
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,900	$1,930
4 Bed Rent	$2,600	$2,820

Loading chart...

% of Rental Stock

Studio

11.4%

1 Bedroom

18.3%

2 Bedrooms

40.8%

3 Bedrooms

25.9%

4 Bedrooms

3.6%

Property Listings — Colfax, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Colfax, NC is 102. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$463,000	7.0%
Listing Count	43	70.0%
Listings as % of Homes	1.8%	70.0%
Days on Market	112	6.0%

Loading chart...

Demographics — Colfax, NC

As of the latest ACS Survey released in 2023, Colfax, NC has a population of 4,960, which has increased by 8.9% over the past 5 years. Colfax, NC is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,960	8.9%
% Under 18	17.9%	-11.4%
% Seniors	31.3%	34.3%
% WFH	17.1%	180.3%
% w/ College Degree	40.4%	-10.8%

Loading chart...

As of the latest ACS Survey released in 2023, Colfax, NC is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Colfax, NC is black, making up 10.6% of the population. Foreign-born residents account for 11.1% of the population in Colfax, NC, and this percentage has increased by 60.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	74.7%	-12.5%
% Black	10.6%	125.5%
% Hispanic	7.3%	0.0%
% Asian	5.8%	163.6%
% Foreign Born	11.1%	60.9%

Loading chart...

Mortgage and Risk — Colfax, NC

According to HUD data as of 2023, there were 137 mortgage originations in Colfax, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, NC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	137
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	8.0%

Loading chart...

Rentals and Section 8 — Colfax, NC

Colfax, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,090
2 Bedroom	N/A	N/A	$1,240
3 Bedroom	-$300	$1,900	$1,600
4 Bedroom	-$750	$2,600	$1,850

Colfax, NC—27235

Key Metrics at a Glance

Home Price Trends — Colfax, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colfax, NC

% of Rental Stock

Property Listings — Colfax, NC

Demographics — Colfax, NC

Race and Ethnicity

Mortgage and Risk — Colfax, NC

Mortgages

Rentals and Section 8 — Colfax, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Colfax, NC

Home Price to Income Ratio

Colfax, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Greensboro, NC

Kernersville, NC

Oak Ridge, NC

High Point, NC

Greensboro, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$403,000
Median Household Income	$101,000

Colfax, NC—27235

Key Metrics at a Glance

Home Price Trends — Colfax, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colfax, NC

% of Rental Stock

Property Listings — Colfax, NC

Demographics — Colfax, NC

Race and Ethnicity

Mortgage and Risk — Colfax, NC

Mortgages

Rentals and Section 8 — Colfax, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Colfax, NC

Home Price to Income Ratio

Colfax, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Greensboro, NC

Kernersville, NC

Oak Ridge, NC

High Point, NC

Greensboro, NC

Frequently Asked Questions

What is the average home price in Colfax, NC 27235?

How have home prices in Colfax, NC 27235 changed over the past year?

What is the home price projection for Colfax, NC 27235?

What are the demographics of Colfax, NC 27235?

How long does it take homes to sell in Colfax, NC 27235?

What is the average rent price in Colfax, NC 27235?