Colfax, IN
Full City Profile · Indiana · Clinton County County
3.5
/5.0
B+
Good
926
Population
2,503/sq mi density
$61,964
Median Income
$28,968 per capita
$114,300
Home Value
$234,806 Zillow
$908
Median Rent
41.9% income on rent
52°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$61,964 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$114,300 home value, $908/mo rent
F
Education
1.5 / 5.0
5.9% bachelor's degree or higher
Housing Overview
Median Home Value
$114,300
59% below
US avg: $281,900
Median Rent
$908/mo
22% below
US avg: $1,163/mo
Homeownership Rate
74.1%
13% above US avg (65.4%)
Total Housing Units
318
Median year built: 1952
Home Value by Source
Census Median
$114,300
Zillow (ZHVI)
$234,806
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.1%
Owner-Occupied
25.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$908/mo
Affordability & Housing Stock
Rent Burden
41.9%
of renters spending 30%+ of income on housing
35% above US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
74.1%
Complete Housing Data
Home Values
| Census Median Value | $114,300 |
| Zillow Home Value (ZHVI) | $234,806 |
Rent
| Census Median Rent | $908 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 74.1% |
| Renter-Occupied | 25.9% |
| Homeownership Rate | 74.1% |
| Total Housing Units | 318 |
| Median Year Built | 1952 |
| Rent Burden | 41.9% |