Colfax, Indiana.
Typical home $226,791 (+6.4% in a year). Frankfort, IN metro.
to buy the typical home at today's mortgage rate — +$727 (+157%) since Jan 2020.
- 1 year
- Up $13,710 +6%
- $213,081$226,791 since Sep 2025
- 5 years
- Up $71,588 +46%
- $155,203$226,791 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Colfax$1,190
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Colfax, IN rose 6.4% over the past year — faster than the nation's +1.2%.
Living in Colfax, Clinton County, Indiana
Colfax is a town of 702 people in Clinton County. Half its households earn more than $63,281 a year and half less, against $65,019 across Clinton County; 8% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Clinton County was 3.0% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Colfax is a very small town in Clinton County, Indiana, where most homes are lived in by their owners, a larger share than is typical across the country. Household incomes run a little below the county's, and home values sit at a moderate level for the region. Few adults hold a four-year degree. Winters are cold, with highs in January staying around freezing and a fair amount of snow, while July brings warm days.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in shops, and in restaurants, hotels and entertainment. Across Clinton County, the largest workplaces include Frito Lay, NHK Seating of America and Donaldson Company. The commute is fairly long for many people, and some work from home.
Things to do. Old Indiana Fun Park, an amusement park, is a short drive away. A longer drive brings you to Prophetstown State Park, a protected area with open land to walk, and to Fort Ouiatenon, a fort recalling the region's early history. The Tippecanoe River is also within a longer drive for those who like to be near water.
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- 324households
- 6%of adults have a degree
- 8%below the poverty line
- 29 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Clinton County had 11,541 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 19°; warmest in July, with highs near 84° and lows near 64°. About 24 inches of snow and 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Frankfort Disposal weather station, 11 miles away (NOAA).
Largest workplaces in Clinton County
- Frito LAYOther snack food manufacturing929
- NHK Seating of AmericaMotor vehicle seats manufacturing847
- Frito LAYOther snack food manufacturing594
- Donaldson CompanyAir filters, automotive, truck, and bus, manufacturing460
- Community Schools of FrankfortSchool district376FTE
- WalmartWarehouse clubs and supercenters304
- Ryder SystemGeneral warehousing and storage254
- Tenneco FrankfortCoaxial mechanical face seals manufacturing200
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 29 workplaces with 20 or more staff, 5,181 people in all across the county; Colfax has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
- Cold wavesRelatively high
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Colfax’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Clinton County and the Frankfort, IN metro.
Colfax home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Colfax$226,791
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
Not enough data to draw this yet.
Zip codes with a Colfax address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Colfax — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.