Colfax, WA
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Colfax short-term rental market based on reliable data.
Listings
6 / 21
Reliable / Active
Cap Rate
5%
Middle-Earners Gross Yield
Revenue
$15,498
Middle-Earners Revenue
Occupancy
46%
Middle-Earners Occupancy
Home Value
$308,620
Median Home Sale Price
Top Earners
$31,565
Top-Earners Revenue
Colfax
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Colfax.
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Generally Investor friendly
Colfax Regulations
Colfax allows STRs in most residential zones with a straightforward city permit and modest fees ($75 home‑occupation permit, $47 zoning compliance), no explicit caps, and enforcement limited to standard noise/parking ordinances. The state lodging tax and business registration are routine, and a $1 M liability policy is recommended. The small market size introduces some demand risk, but the regulatory environment is clear and relatively easy to navigate.
Local STR Agent
STR specialist · Colfax, WA
About Colfax
Colfax is a city and the county seat of Whitman County, Washington, United States. The population was 2,805 at the 2010 census. The population is estimated at 2,911 per the State of Washington Office of Financial Management in 2018 making Colfax the second largest city in Whitman County behind Pullman. It is situated amidst wheat-covered hills in a valley at the confluence of the north and south forks of the Palouse River. U.S. Route 195, which forms the town's main street, intersects with State Route 26 at the north end of town; in the past, Colfax also lay at the junction of three major railway lines. It is part of the Pullman–Moscow combined statistical area. It was named after Schuyler Colfax, the vice president from 1869–73.