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Colfax

Learn about the people, housing, costs and businesses in Colfax, California

Median Home$396,592
Median Rent$1,502/month
Population12,259
Leading IndustriesPublic Administration · Retail28% public administration
Home Value Growth⬆⬆+18.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners78% of occupied units
Colfax
CA

Frequently Asked Questions

What are today's mortgage rates in Colfax?

As of today, the 30-year fixed mortgage rate for Colfax is approximately 6.863% (6.898% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Colfax?

The median home value in Colfax is $397k. The median monthly rent is $1,502. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colfax?

Home values in Colfax have increased 18.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Colfax?

Based on a typical all-in ownership cost of $1,744/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colfax is $95k/year.

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What industries drive the economy in Colfax?

The largest employment sectors in Colfax are public administration (28%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.