Colfax, ND

Full City Profile · North Dakota · Richland County County

5.0 /5.0
A+ Excellent
265 Population 262/sq mi density
$114,375 Median Income $38,016 per capita
$202,800 Home Value $408,978 Zillow
42°F Avg Temperature
A+
Overall
5.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$114,375 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$202,800 home value, /mo rent
A+
Education
5.0 / 5.0
56.7% bachelor's degree or higher

Housing Overview

Median Home Value
$202,800
28% below
US avg: $281,900
Homeownership Rate
97.3%
49% above US avg (65.4%)
Total Housing Units
74
Median year built: 1972

Home Value by Source

Census Median
$202,800
Zillow (ZHVI)
$408,978
Redfin Median Sale
$489,999
Median Sale Price
$489,999
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

97.3%
Owner-Occupied
2.7%
Renter-Occupied
97%
3%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$769/mo
1 Bedroom
$795/mo
2 Bedroom
$965/mo
3 Bedroom
$1,297/mo
4 Bedroom
$1,588/mo

Market Indicators (Redfin)

Median Sale Price
$489,999
Median Days on Market
156 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$190
Active Inventory
1
homes for sale

Affordability & Housing Stock

Rent Burden
25.7%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
97.3%

Complete Housing Data

Home Values

Census Median Value$202,800
Zillow Home Value (ZHVI)$408,978
Redfin Median Sale$489,999
Median Sale Price$489,999
Price Per Sq Ft$190

Rent

FMR Studio$769
FMR 1-Bedroom$795
FMR 2-Bedroom$965
FMR 3-Bedroom$1,297
FMR 4-Bedroom$1,588

Market

Days on Market156
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold1
Active Inventory1
Price Per Sq Ft$190

Ownership & Stock

Owner-Occupied97.3%
Renter-Occupied2.7%
Homeownership Rate97.3%
Total Housing Units74
Median Year Built1972
Rent Burden25.7%