HomeIllinoisMcLean CountyColfax
Colfax, Illinois: commercial real estate data.
Colfax is a Census village of 1,054 people across 0.55 square miles of land, in McLean County. Median household income is $70,625, 71.6 percent of occupied homes are owned.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Colfax
What Colfax is
- Census place typevillage
- Land area0.55 sq mi
- Water area0 sq mi
- Population per square mile of land1,904
- County holding the largest share of its areaMcLean County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colfax
How many people live in Colfax
- Population1,054
- Median age36.3
- Population under 18288 plus or minus 66
- Share under 1827.3 percent
- Population 65 and over174 plus or minus 41
- Share 65 and over16.5 percent
- Households395
- Family households262
- Share of households that are families66.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colfax
Income and work in Colfax
- Median household income$70,625 plus or minus $15,422
- Per capita income$46,168 plus or minus $14,700
- Civilian labor force522
- Employed490
- Unemployed32 plus or minus 19
- Unemployment rate6.1 percent plus or minus 3.5
- Adults 25 and over664
- Adults 25 and over with a high school diploma or higher96.7 percent
- Adults 25 and over with a bachelor degree or higher23.3 percent plus or minus 6.2
- Adults 25 and over with a graduate degree5.4 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colfax
Housing in Colfax
- Housing units419
- Occupied units395
- Vacant units24 plus or minus 29
- Vacancy rate5.7 percent plus or minus 6.9
- Owner occupied283
- Renter occupied112 plus or minus 32
- Ownership rate71.6 percent
- Median owner-occupied home value$136,300
- Median gross rent, monthly$875
- Annual rent as a share of median income14.9 percent plus or minus 4.1
- Single family units388
- Share single family92.6 percent
- Units in buildings of two or more23 plus or minus 21
- Share in buildings of two or more5.5 percent plus or minus 4.9
- Mobile homes8 plus or minus 7
- Median year structure built1952
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colfax
How Colfax gets to work
- Workers 16 and over who commute429 plus or minus 89
- Commuting under 15 minutes111 plus or minus 52
- Share commuting under 15 minutes25.9 percent plus or minus 10.8
- Commuting 30 minutes or more235 plus or minus 60
- Share commuting 30 minutes or more54.8 percent
- Drove alone68.0 percent
- Carpooled15.5 percent plus or minus 7.3
- Public transport0.0 percent
- Walked4.1 percent plus or minus 3.4
- Worked from home12.4 percent plus or minus 6.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Colfax
SBA loans in Colfax (504)
- Approvals2
- Gross approval$134,000
- Average approval$67,000
- Median approval$67,000
- Largest approval$71,000
- Jobs supported5
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Colfax, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Colfax
Flood risk in Colfax
- NFIP communityVillage of Colfax
- NFIP community number170493
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/16/08(M)
The Village of Colfax participates in the National Flood Insurance Program as community 170493 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
McLean County, not Colfax
McLean County context, not Colfax figures
- Establishments in McLean County3,481
- Covered employment, McLean County88,945
- Average annual pay, McLean County$66,183
- Housing units permitted, McLean County243
Every figure in this section is published for McLean County as a whole and is not a measurement of Colfax.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Colfax questions, answered from the record.
How many people live in Colfax, Illinois?
1,054, in 395 households. Colfax village covers 0.55 square miles of land, which is 1,904 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Colfax in?
McLean County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Colfax?
$70,625. The median owner-occupied home is valued at $136,300. Median gross rent is $875 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Colfax in the National Flood Insurance Program?
Yes. Colfax appears in the FEMA Community Status Book as Colfax, village of, community 170493, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Colfax figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McLean County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Colfax.
Is zoning published for Colfax?
No. Nothing on this page presents parcel level zoning.
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