Commercial Real Estate Market in Colfax, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 79 off-market properties in Colfax, ND.
Market Trends
Colfax, ND spans 73.6 square miles in Richland County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colfax, ND 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, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colfax, ND 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 vacancy in Colfax, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Colfax, ND has 370 residents in 171 households. Density runs 5 people per square mile. Median household income here is $94,934.
370
Population
171
Households
2.2
Avg Household Size
37
Median Age
43%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
5
Density / Sq Mi
$94,934
Median Household Income
$24,922
Median Earnings
$0
Median Rent
$258,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Walcott | — | — |
| Abercrombie | — | — |
| Christine | — | — |
| Kent | — | — |
Frequently Asked Questions
Where does Realmo's Colfax market data come from?
Realmo compiles Colfax, ND figures from 7 recent recorded sales, 1 active sale listings, 79 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Colfax, ND. 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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 31 August 2026 · report a data issue
