Commercial Real Estate Market in Colfax, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6 active listings and 226 off-market properties in Colfax, IA.
Market Trends
Colfax, IA spans 61.0 square miles in Jasper County, Iowa. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Colfax, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Colfax, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colfax, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Colfax, IA asks $112/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.4%
- Industrial 13.9%
- Agricultural 5.8%
- Commercial 5.6%
- Open space 2.3%
Largest Zones share of zoned land by district
Residential Single Family
Residential Multifamily
Light Industrial
Agricultural
Arterial Commercial
Colfax, IA zones 1,165 acres across 9 districts. Commercial zoning covers 5.6% of zoned land, residential 72.4%, open space 2.3% and industrial 13.9%. The largest single district is Residential Single Family at 44.8%. For commercial buyers the practical constraint is that only 19.5% of land carries a commercial or industrial designation.
Arterial Commercial (AC)
GENERAL PROVISIONS AND DEFINITIONS 165.32 AC - Arterial Commercial District 165.01 Short Title 165.34 BC - Business Commercial District 165.02 Purpose 165.36 LI - Light Industrial District 165.03 Application of District Regulations 165.38 AX - Adult Use District 165.04 Establishment of Districts; Official Zoning Map 165.05 Rules for Interpretation of Distric…
Market overview
Demographics & Economy
Colfax, IA has 3,471 residents in 1,250 households. Density runs 57 people per square mile. Median household income here is $91,204 and median gross rent $842 a month.
3,471
Population
1,250
Households
2.8
Avg Household Size
42
Median Age
24%
College-Educated
95%
High-School Grad
61 sq mi
ZIP Area
57
Density / Sq Mi
$91,204
Median Household Income
$46,154
Median Earnings
$842
Median Rent
$197,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Colfax?
Commercial property in Colfax, IA asks an average of $46 per square foot. Multifamily carries the highest asking price at $112/SF.
What zoning applies to commercial property in Colfax?
Colfax, IA zones 1,165 acres across 9 districts, of which 5.6% is commercial and 13.9% industrial. The largest single district is Residential Single Family at 44.8% of zoned land. Residential zoning covers 72.4% and open space 2.3%.
Where does Realmo's Colfax market data come from?
Realmo compiles Colfax, IA figures from 6 active sale listings, 226 tracked off-market properties, the current Colfax zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Colfax, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,165 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
