Colfax Home Prices & Values

$275,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 26.2% 1-year change
  • 11.9% 1-year forecast

The median home value in Colfax is $275,800. Colfax home values have gone up 26.2% over the past year and Zillow predicts they will rise 11.9% within the next year. The median list price per square foot in Colfax is $185, which is lower than the Sacramento Metro average of $188. The median price of homes currently listed in Colfax is $325,000 while the median price of homes that sold is $185,000. The median rent price in Colfax is $875, which is lower than the Sacramento Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Colfax 2.9 homes are foreclosed (per 10,000). This is lower than the Sacramento Metro value of 3.3 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Colfax is 4.1%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Colfax homeowners underwater on their mortgage is 21.7%, which is higher than Sacramento Metro at 20.0%.

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Relative ZHVI
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Colfax Market Overview

Data through Jun 30, 2014
  • $275,800 ZHVI
  • 11.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $325,000 Median listing price
  • No recent data Median sale price
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Colfax Market Health

Data through Jun 30, 2014
  • 7.4/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 21.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.9 homes Colfax
3.3 homes Sacramento Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Meadow Vista $402,100 Nevada City $338,400 Auburn $333,200
Applegate $326,000 Grass Valley $297,600 Cool $291,700
Foresthill $278,200 Alta $241,900 Georgetown $230,400

Listings & Sales

Data through Jun 30, 2014
  • $185 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.0% Listings with price cut
23.1%
Sold below listing
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Colfax Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,499 Colfax
$1,563 Sacramento Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $875 Rent list price (May 31, 2014)
  • $0.97 Rent list price / sq ft (May 31, 2014)
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