Colfax, WA—99111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colfax, WA
As of Oct '25, the median home price in Colfax, WA is $310,000, with a year-over-year change of -2.4%. This indicates that home prices in Colfax, WA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | -2.4% |
| Single Family | $311,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | -7.8% |
3 Bed | $314,000 | -2.8% |
4 Bed | $364,000 | -0.8% |
| 5 Bed | $424,000 | 0.0% |
% of Housing Stock
Rental Trends — Colfax, WA
Colfax, WA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Colfax, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Colfax, WA is 89. This is a increase of 28.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 0.0% |
Listing Count | 29 | 34.0% |
| Listings as % of Homes | 0.5% | 34.0% |
Days on Market | 89 | 28.0% |
Demographics — Colfax, WA
As of the latest ACS Survey released in 2023, Colfax, WA has a population of 4,050, which has decreased by -6.9% over the past 5 years. Colfax, WA is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,050 | -6.9% |
% Under 18 | 22.1% | 20.1% |
% Seniors | 20.6% | 0.0% |
% WFH | 6.9% | 115.6% |
% w/ College Degree | 29.6% | -4.8% |
As of the latest ACS Survey released in 2023, Colfax, WA is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Colfax, WA is hispanic, making up 8.1% of the population. Foreign-born residents account for 1.7% of the population in Colfax, WA, and this percentage has decreased by 15.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.4% | -14.4% |
% Black | 1.2% | ∞% |
% Hispanic | 8.1% | 305.0% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 1.7% | -15.0% |
Mortgage and Risk — Colfax, WA
According to HUD data as of 2023, there were 75 mortgage originations in Colfax, WA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, WA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Colfax, WA
Colfax, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Colfax, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $310,000 |
| Median Household Income | $66,300 |