A typical Colfax home is worth roughly $115,000
Builders were permitted 1 new home in 2014.
What kind of housing town is Colfax?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Colfax
Try your own numbers below.
That covers a typical Colfax home, with $163K to spare.
A two-bedroom rents for about $1,020 a month here, $340 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Missouri typical property tax (0.85% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
82% of Colfax households own their home
Half of Colfax’s homes were built before 1938.
Missouri: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,020
Renters already here pay a median of $721, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Daviess County, MO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
1 new home permitted in 2014
Builders were permitted 1 new home in Colfax in 2014. Over the past 10 years, Colfax has permitted 11 homes in all.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 1 | 1 | 0 | $200,000 |
| 2013 | 1 | 1 | 0 | $200,000 |
| 2012 | 1 | 1 | 0 | $200,000 |
| 2011 | 1 | 1 | 0 | $200,000 |
| 2010 | 1 | 1 | 0 | $200,000 |
| 2009 | 1 | 1 | 0 | $200,000 |
| 2008 | 1 | 1 | 0 | $200,000 |
| 2007 | 1 | 1 | 0 | $200,000 |
| 2006 | 1 | 1 | 0 | $200,000 |
| 2005 | 2 | 2 | 0 | $400,000 |
| 2004 | 2 | 2 | 0 | $400,000 |
| 2003 | 0 | 0 | 0 | — |
Colfax's permit office didn't report to the Census in 2014, so the 2014 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Colfax vs. its neighbors
Colfax is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2014 | Median income |
|---|---|---|---|---|---|
| Colfax | $115K* | — | $1,020 | 1 | $51,500 |
| Grand River | $208K* | +7.6%† | $1,220 | — | $77,589 |
| Kidder | $332K | +8.2% | $1,160 | — | $72,532 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Colfax buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.