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Colfax, IL
Full City Profile · Illinois · McLean County County
3.1
/5.0
B
Good
955
Population
1,736/sq mi density
$71,528
Median Income
$43,770 per capita
$123,000
Home Value
$164,651 Zillow
$850
Median Rent
22.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
98
Violent Crime/100K
688 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$71,528 median income, 5.9% unemployment
A+
Affordability
5.0 / 5.0
$123,000 home value, $850/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C+
Education
3.0 / 5.0
24.7% bachelor's degree or higher
Housing Overview
Median Home Value
$123,000
56% below
US avg: $281,900
Median Rent
$850/mo
27% below
US avg: $1,163/mo
Homeownership Rate
77.8%
19% above US avg (65.4%)
Total Housing Units
391
Median year built: 1952
Home Value by Source
Census Median
$123,000
Zillow (ZHVI)
$164,651
Median Sale Price
$183,000
Median List Price
$170,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.8%
Owner-Occupied
22.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$850/mo
Market Indicators (Redfin)
Median Days on Market
46 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$75
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
22.4%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
77.8%
Complete Housing Data
Home Values
| Census Median Value | $123,000 |
| Zillow Home Value (ZHVI) | $164,651 |
| Median Sale Price | $183,000 |
| Median List Price | $170,000 |
| Price Per Sq Ft | $75 |
Rent
| Census Median Rent | $850 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 46 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.6% |
| Homes Sold | 1 |
| Active Inventory | 7 |
| Price Per Sq Ft | $75 |
Ownership & Stock
| Owner-Occupied | 77.8% |
| Renter-Occupied | 22.2% |
| Homeownership Rate | 77.8% |
| Total Housing Units | 391 |
| Median Year Built | 1952 |
| Rent Burden | 22.4% |