Colfax, CA


Highest Appreciating Colfax Neighborhoods Since 2000

Colfax, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Colfax Housing Market Information

With a population of 2,005, 937 total housing units (homes and apartments), and a median house value of $356,610, real estate costs in Colfax are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Colfax, accounting for 63.83% of the city's housing units. Other types of housing that are prevalent in Colfax include duplexes, homes converted to apartments or other small apartment buildings ( 22.58%), large apartment complexes or high rise apartments ( 8.41%), and a few row houses and other attached homes ( 3.62%).

People in Colfax primarily live in small (one, two or no bedroom) single-family detached homes. Colfax has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Colfax built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Colfax built between 2000 and later ( 27.47%). A lesser amount of the housing stock also hails from before 1939 ( 22.97%). There's also some housing in Colfax built between 1940-1969 ( 13.88%).

Colfax Home Appreciation Rates

Colfax's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Colfax during the period has been just -2.05%, which is lower than 80% of US communities.

Appreciation rates are so strong in Colfax that despite a nationwide downturn in the housing market, Colfax real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Colfax appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 87.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Colfax. Colfax appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Colfax one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Colfax's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values


Median Home Value:


Value Range
> $1,340,000 2.3
$1,005,001 - $1,340,000 1.3
$670,001 - $1,005,000 7.4
$536,001 - $670,000 13.9
$402,001 - $536,000 14.1
$268,001 - $402,000 37.4
$134,001 - $268,000 18.7
$67,001 - $134,000 2.5
$0 - $67,000 2.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.719207781554 59.2592592592593

Number Of Homes And Apartments:

Colfax Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.45% 2.40% 1 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,346 / per month

Homeownership Rate

Owners 41.73
Renters 58.27
Vacant 8.41

Housing Market Details


Age of Homes

2000 or Newer 27.5
1970 - 1999 35.7
1940 - 1969 13.9
1939 or Older 23.0

Types of Homes

Single-Family 63.8
Townhomes 3.6
Small Apt. Buildings 22.6
Apt. Complexes 8.4
Mobile Homes 1.6
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 13.49
2 Bedrooms 39.10
3 Bedrooms 39.10
4 Bedrooms 8.31
5 or more bedrooms 0.00

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