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Colfax city, IA

ZIP 50054 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50054

Median Home Value
$197,400
Median Rent
$756
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,268/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 50054 in Colfax city, IA, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,268. That sits below the local median household income ($91,204), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.3%+21% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
6.0%-88% vs US avg
x
Mortgage-Free
35.6%-7% vs US avg
x
$197,400
Home Value
$756
Rent
1971
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.2%
  • 1-unit attached3.5%
  • 2-9 units8.3%
  • 10+ units4.6%
  • Mobile home & other8.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,400
Median rent$756
Owner-occupied79.3%
Vacant10.1%
Price-to-income2.2x
Est. income to buy$54,000