Colfax, MN housing market
Home prices around Colfax have risen about 43% over the past 5 years.
Home values, sales, trends and how Colfax compares with the towns next door — updated as new data is published.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Colfax rose 43% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 5.4%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +5.4% | +148% | +127% |
| 2024 | −7% | +136% | +120% |
| 2023 | +6.6% | +153% | +113% |
| 2022 | +23% | +138% | +104% |
| 2021 | +11% | +93% | +82% |
| 2020 | +3.4% | +74% | +66% |
| 2019 | +4.1% | +68% | +61% |
| 2018 | +1.9% | +61% | +55% |
| 2017 | +1.9% | +58% | +46% |
| 2016 | +8.6% | +55% | +38% |
| 2015 | +9.2% | +43% | +32% |
| 2014 | −4.1% | +31% | +28% |
| 2013 | −0.2% | +37% | +21% |
| 2012 | −0.4% | +37% | +16% |
| 2011 | −2.3% | +37% | +18% |
| 2010 | −4.6% | +41% | +25% |
| 2009 | 0% | +47% | +33% |
| 2008 | −5.4% | +47% | +42% |
| 2007 | +5.7% | +56% | +48% |
| 2006 | +3.7% | +47% | +49% |
| 2005 | +12% | +42% | +45% |
| 2004 | +6% | +27% | +34% |
| 2003 | +5.3% | +19% | +23% |
| 2002 | +7.7% | +13% | +18% |
| 2001 | +5.2% | +5.2% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56273, 56312, 56289, 56316, covering 86% of Colfax’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Colfax and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Colfax | +5.4%† | $1,040 | $80,536 |
| Burbank | +7%† | $1,040 | $89,375 |
| Crow Lake | +10.5%† | $1,110 | $95,417 |
| Lake Andrew | +2%† | $1,020 | $91,563 |
| Crow River | +10.5%† | $1,040 | $91,250 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Colfax is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Colfax pay a median of $1,344.
Studio $810 · 4 bedrooms $1,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56273, 56289, 56312, 56316; Kandiyohi County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.