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📍 Colfax, ND · Zillow ZHVI · July 2026

Average Home Price in
Colfax, ND

Wahpeton, ND-MN metro area · Richland County County

Median Home Value
$405,624
↑ 1.1% year-over-year
vs. National Median
$410,000
Colfax is 1% below
Est. Monthly Payment
$2,115/mo
20% down · 6.8% rate
Income Needed
$107K
gross annual (30% rule)
Median Home Value
$405,624
↑ 1.1% year-over-year
Down Payment (20%)$81,125
Monthly P&I$2,115/mo
With Taxes & Ins.~$2,686/mo
Income Needed$107,440/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Colfax, ND

The median home value in Colfax, ND is $405,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 5% from two years prior.

Compared to the U.S. national median of $410,000, homes in Colfax are priced1% below average. Colfax is part of the Wahpeton, ND-MN metro area.

City Comparison

Colfax vs. National Median

🏠 Colfax
$405,624
National Median
$410,000

At $405,624, homes in Colfax cost 1% below the national median of $410,000. This makes Colfax a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Colfax?

20% Down Payment
$81,125
on $405,624
Monthly P&I
$2,115/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,686/mo
incl. taxes & insurance
Income Needed
$107,440
gross annual (30% rule)
10% Down Option
$40,562
+ PMI applies
Loan Amount (20% dn)
$324,499
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Colfax, ND?
The median home value in Colfax is $405,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Colfax?
Over the past year, home values in Colfax have increased by 1.1%.
How much do I need to earn to buy a home in Colfax?
To comfortably afford the median home price of $405,624 with a 20% down payment ($81,125) at today's rates (6.8%), you'd need a gross annual income of approximately $107,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Colfax compare to the national average home price?
The national median home value is approximately $410,000. At $405,624, homes in Colfax are 1% below the national average.
What metro area is Colfax part of?
Colfax is part of the Wahpeton, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.