Colfax, CA—95713
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colfax, CA
As of Oct '25, the median home price in Colfax, CA is $489,000, with a year-over-year change of 0.6%. This indicates that home prices in Colfax, CA are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $489,000 | 0.6% |
| Single Family | $491,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $286,000 | 5.9% |
2 Bed | $374,000 | 0.3% |
3 Bed | $525,000 | 0.8% |
4 Bed | $661,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Colfax, CA
As of July '25, Rentcast reports the average rent in Colfax, CA is $1,940, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Colfax, CA is studios: $1,500, 1-bedrooms: $1,380, 2-bedrooms: $1,570, 3-bedrooms: $1,940, 4-bedrooms: $3,200. The most common rental property sizes in Colfax, CA are 2-bedroom and 1-bedroom, accounting for 33.2% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,940 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | $1,550 | $1,570 |
| 3 Bed Rent | $1,880 | $1,940 |
| 4 Bed Rent | $2,500 | $3,200 |
% of Rental Stock
Property Listings — Colfax, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Colfax, CA is 83. This is a increase of 15.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | 6.0% |
Listing Count | 55 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 83 | 15.0% |
Demographics — Colfax, CA
As of the latest ACS Survey released in 2023, Colfax, CA has a population of 10,500, which has increased by 7.2% over the past 5 years. Colfax, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 7.2% |
% Under 18 | 20.4% | 12.7% |
% Seniors | 21.5% | 3.9% |
% WFH | 15.4% | 111.0% |
% w/ College Degree | 27.9% | 22.9% |
As of the latest ACS Survey released in 2023, Colfax, CA is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Colfax, CA is hispanic, making up 11.8% of the population. Foreign-born residents account for 7.1% of the population in Colfax, CA, and this percentage has increased by 184.0% 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 | 79.3% | -6.2% |
% Black | 0.3% | -76.9% |
% Hispanic | 11.8% | 25.5% |
% Asian | 1.6% | ∞% |
% Foreign Born | 7.1% | 184.0% |
Mortgage and Risk — Colfax, CA
According to HUD data as of 2023, there were 176 mortgage originations in Colfax, CA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Colfax, CA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Colfax, CA
As of 2024, the percent of homes in Colfax, CA under the Section 8 program is 10.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Colfax, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,380 | $1,590 |
| 2 Bedroom | $420 | $1,550 | $1,970 |
| 3 Bedroom | $790 | $1,880 | $2,670 |
| 4 Bedroom | $580 | $2,500 | $3,080 |
Affordability — Colfax, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $489,000 |
| Median Household Income | $91,300 |