Colfax, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Colfax short-term rental market based on reliable data.

Listings

10 / 21

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$18,358

Middle-Earners Revenue

Occupancy

40%

Middle-Earners Occupancy

Home Value

$323,080

Median Home Sale Price

Top Earners

$26,252

Top-Earners Revenue

Colfax

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Colfax.

Loading top listings...

B

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.

View Colfax Regulations →

Local STR Agent

STR specialist · Colfax, WA

Trusted Expert
Get Expert Help In Colfax
Free consultation Response within 24h

About Colfax

Colfax is a small, quiet town serving as the county seat of Whitman County in southeastern Washington, with a population of roughly 2,800 residents. Set in the rolling, golden-hilled agricultural landscape known as the Palouse, it carries a laid-back, frontier-era character rooted in its nineteenth-century origins as a railroad town. The community is best known today as a peaceful base for travelers exploring the region's scenic byways and as a convenient stop for those visiting the nearby college towns. Colfax sits about 50 miles south of Spokane, Washington's second-largest city, reached by roughly an hour's drive north on US-195.

About 15 miles northeast of town, Kamiak Butte County Park rises sharply from the surrounding wheat fields, offering a network of hiking and horseback trails through pine forest that climbs to panoramic views of the surrounding Palouse hills. The drive from Colfax takes roughly 20 minutes and is one of the area's most popular outdoor escapes, especially in spring when wildflowers dot the slopes.

To the north, Steptoe Butte State Park sits atop a quartzite island that escaped the glaciers that shaped the rest of the region, leaving it as a distinctive rocky outcrop amid otherwise soft, rolling terrain. About a 20-minute drive from Colfax, the butte is famous for its sweeping vistas, particularly at sunset when the patchwork of fields below glows in amber and green. Photographers and road-trippers alike treat it as a must-stop on any Palouse itinerary.

Roughly 20 miles east of Colfax, the twin college towns of Pullman, Washington and Moscow, Idaho form a lively regional hub. Pullman is home to Washington State University, which draws tens of thousands of students, parents, and visitors throughout the year for sporting events, graduation weekends, and campus activities. A 25- to 30-minute drive puts guests within easy reach of both campuses, their museums, and the year-round energy these university towns provide — a useful complement to Colfax's more subdued pace.

Colfax makes a compelling base for short-term rentals thanks to its central position within the Palouse, its small-town affordability, and its proximity to some of the Pacific Northwest's most photographed agricultural scenery. Guests who stay here can spend their days hiking butte trails, driving back roads through waves of wheat and lentil fields, or catching a Cougar game in Pullman, all while returning each evening to a quiet, historic community with easy highway access in every direction.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc