Home Values

Colfax Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$89,000

  • -6.3% 1-year change
  • 3.4% 1-year forecast

The median home value in Colfax is $89,000. Colfax home values have declined -6.3% over the past year and Zillow predicts they will rise 3.4% within the next year. The median price of homes currently listed in Colfax is $64,800.

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 5.7%, which is lower than the national value of 6.3%. 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 25.5%.

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Relative ZHVI
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Colfax Market Overview

Data through Feb 28, 2015
  • $89,000 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $64,800 Median listing price
  • No data Median sale price
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Colfax Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 25.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $516,700
New York Metro $369,400
Washington Metro $347,500
Name Median ZHVI
Philadelphia Metro $192,100
Miami-Fort Lauderdale Metro $190,300
Chicago Metro $178,500
Name Median ZHVI
Houston Metro $154,700
Dallas-Fort Worth Metro $143,900
Atlanta Metro $140,300

Listings & Sales

Data through Feb 28, 2015
  • $56 Median list price / sq ft (Jan 31, 2015)
  • No recent data Median sale price / sq ft
  • 12.5% Listings with price cut
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Colfax Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $956 Colfax
    $1,172 Bloomington Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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