What percentage of people rent in Colfax, IL?
28.4% (±6.8 points) of the occupied homes in Colfax, IL are rented (2020–2024 American Community Survey).
That is 112 renting households against 283 that own their home.
In Colfax, the share of households that rent went from 21.1% in 2015–2019 to 28.4% in 2020–2024 (+7.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 28.4% (±6.8 points)
- Renting households
- 112 (±32)
- Median renter income
- $52,750 (±$21,859)
Who rents and who owns in Colfax
| Colfax | McLean County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 28.4% (±6.8 points) | 34.9% (±1.3 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 112 (±32) | 24,516 (±1,065) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 283 (±47) | 45,704 (±814) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.7 (±0.6) | 1.9 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.2) | 2.5 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $52,750 (±$21,859) | $40,204 (±$2,769) | $50,420 (±$471) | $52,966 |
| Median owner household income | $79,583 (±$40,548) | $104,136 (±$2,937) | $103,505 (±$377) | $100,009 |
In Colfax, the renter share is not measurably different from McLean County (34.9%).
It is not measurably different from Illinois (32.9%).
It is not measurably different from the national figure (34.8%).
In McLean County, Colfax ranks 8 of 53 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 596 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Colfax has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 21.1% (±7.0 points) | 28.4% (±6.8 points) | +7.3 percentage points | Not a measurable change |
| Median gross rent | $753 (±$82) | $875 (±$145) | +16.2% | No measurable change after inflation |
| Median household income | $55,859 (±$5,270) | $70,625 (±$15,422) | +26.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Colfax
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Colfax | — | 28.4% (±6.8 points) | — |
| Martin Township (McLean County) | 3.0 mi | 26.1% (±6.4 points) | Not measurably different |
| Lawndale Township | 3.8 mi | 0.0% (±55.5 points) | Not measurably different |
| Anchor | 4.1 mi | 1.4% (±3.0 points) | Lower |
| Cooksville | 5.4 mi | 32.2% (±15.1 points) | Not measurably different |
| Cropsey Township | 5.6 mi | 60.3% (±46.9 points) | Not measurably different |
| Anchor Township | 5.8 mi | 13.7% (±11.5 points) | Lower |
| Blue Mound Township (McLean County) | 7.3 mi | 25.1% (±10.0 points) | Not measurably different |
| Belle Prairie Township | 7.5 mi | 0.0% (±56.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Anchor, IL (1.4%), Anchor Township, IL (13.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across McLean County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 2 | Normal Township | 45.4% (±2.3 points) |
| 3 | Normal | 45.2% (±2.4 points) |
| 4 (tie) | Bloomington | 38.1% (±1.9 points) |
| 4 (tie) | Bloomington City Township | 38.1% (±1.9 points) |
| 6 | Cooksville | 32.2% (±15.1 points) |
| 7 | Gridley | 28.5% (±8.0 points) |
| 8 | Colfax | 28.4% (±6.8 points) |
| 9 | Martin Township (McLean County) | 26.1% (±6.4 points) |
| 10 (tie) | Arrowsmith Township | 25.5% (±11.4 points) |
| 10 (tie) | Yates Township | 25.5% (±37.4 points) |
| 12 | Blue Mound Township (McLean County) | 25.1% (±10.0 points) |
| 13 | Gridley Township | 24.5% (±6.8 points) |
| 14 (tie) | Chenoa Township | 23.6% (±10.2 points) |
Showing 13 of 53 places in McLean County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Colfax
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Colfax, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Colfax beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Colfax, and send estimates and invoices from your phone.
Questions about Colfax
How many renters are there in Colfax?
Colfax has an estimated 112 (±32) renting households, 28.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Colfax?
In Colfax, the share of households that rent went from 21.1% in 2015–2019 to 28.4% in 2020–2024 (+7.3 percentage points), not a measurable change.
How big are renting households in Colfax?
A renting household in Colfax has 2.7 people on average, against 2.6 in an owned home.
How much do renters earn in Colfax?
The median renting household in Colfax, IL has an income of $52,750 (±$21,859) a year, against $79,583 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Colfax village, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Colfax village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Colfax village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Colfax village, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Colfax village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Colfax village, Illinois (place:15495, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Colfax at a glance
- Median rent in Colfax
- Income and affordability in Colfax
- Home values in Colfax
- Homeowner costs in Colfax
- Property taxes in Colfax
- Types of homes in Colfax
- Bedrooms in Colfax
- Age of homes in Colfax
- Heating fuel in Colfax
- Commute and cars in Colfax
- Population growth in Colfax
- How long people stay in Colfax
- Illinois landlord and tenant rules
- Housing across McLean County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois