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Learn about the people, housing, costs and businesses in Colfax, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Colfax.
True all-in cost — P&I, taxes, insurance & utilities for homes in Colfax.
Find and compare lenders active near Colfax.
As of today, the 30-year fixed mortgage rate for Colfax is approximately 7.125% (7.140% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for ColfaxThe median home value in Colfax is $146k. The median monthly rent is $923. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Colfax have increased 12.8% 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.
Based on a typical all-in ownership cost of $1,002/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colfax is $75k/year.
Calculate your buying powerThe largest employment sectors in Colfax are public administration (18%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.