Colfax, IA—50054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colfax, IA
As of Oct '25, the median home price in Colfax, IA is $225,000, with a year-over-year change of 4.4%. This indicates that home prices in Colfax, IA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 4.4% |
| Single Family | $224,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 4.8% |
3 Bed | $230,000 | 4.5% |
4 Bed | $284,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colfax, IA
As of July '25, Rentcast reports the average rent in Colfax, IA is $1,320, with a year-over-year rent change of 13.8%. Per bedroom, the median rent as of July '25 in Colfax, IA is 2-bedrooms: $867, 4-bedrooms: $2,000. The most common rental property sizes in Colfax, IA are 2-bedroom and 3-bedroom, accounting for 50.6% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $867 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Colfax, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Colfax, IA is 77. This is a increase of 72.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | -12.0% |
Listing Count | 26 | 83.0% |
| Listings as % of Homes | 0.9% | 83.0% |
Days on Market | 77 | 72.0% |
Demographics — Colfax, IA
As of the latest ACS Survey released in 2023, Colfax, IA has a population of 3,180, which has increased by 9.3% over the past 5 years. Colfax, IA is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 23.8% 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 | 3,180 | 9.3% |
% Under 18 | 28.4% | 33.3% |
% Seniors | 16.0% | 2.6% |
% WFH | 6.9% | 146.4% |
% w/ College Degree | 23.8% | 10.2% |
As of the latest ACS Survey released in 2023, Colfax, IA is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Colfax, IA is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.3% of the population in Colfax, IA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.1% | -0.6% |
% Black | 0.8% | ∞% |
% Hispanic | 3.0% | 25.0% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 0.3% | 0.0% |
Mortgage and Risk — Colfax, IA
According to HUD data as of 2023, there were 113 mortgage originations in Colfax, IA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, IA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Colfax, IA
Colfax, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $230 | $750 | $980 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | -$660 | $2,000 | $1,340 |
Affordability — Colfax, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $225,000 |
| Median Household Income | $91,200 |