Colfax Homes under $500,000

Colfax Homes under $500,000

Welcome to Colfax, Iowa – a charming city nestled in the heart of Jasper County, where small-town charm meets modern living. Known for its friendly atmosphere and rich history, Colfax offers a welcoming community that’s perfect for families, retirees, and everyone in between. With a population of just over 2,000 residents, Colfax boasts a tight-knit community feel while providing easy access to larger urban centers like Des Moines, just a short drive away.

Colfax is not only celebrated for its picturesque landscapes and local parks but also for its vibrant downtown area filled with unique shops, delightful eateries, and engaging community events. Residents enjoy an active lifestyle with ample opportunities for outdoor recreation, including hiking, biking, and fishing in the nearby lakes and rivers.

For those seeking a home in this delightful city, Colfax offers a variety of properties under $500,000, making it an attractive option for first-time buyers and growing families alike. From charming single-family homes with spacious yards to modern townhouses, there’s something to suit every taste and budget. The affordable housing market in Colfax allows residents to enjoy the benefits of homeownership without the financial strain often found in larger cities.

Whether you’re drawn to the allure of small-town living or the convenience of nearby amenities, Colfax, Iowa, is a hidden gem waiting to be explored. Come discover your dream home in this welcoming community and experience the warmth and charm that Colfax has to offer!

Newest Colfax Homes under $500,000

214 S Goodrich Street, Colfax
$349,000
3 Beds ⋅ 2 Baths ⋅ 750029 MLS
Welcome to 214 S Goodrich, a one-owner, well-maintained home set on a secluded, tree-lined lot that offers rare privacy and a peaceful setting. This inviting 1400 sq ft property features 3 main-level bedrooms, 2 bathrooms, and a layout designed for comfort, functionality, and everyday living. Step inside to a nice-sized living area with hardwood floors, and great natural light. The kitchen opens directly to the dining space, and French doors lead you to the private backyard, perfect for quiet mornings, pets, or outdoor entertaining. The lower level adds even more versatility with a non-conforming room ideal for a home office, craft room, workout space, or kids' play area. The walkout basement is partially finished and offers tons of potential for additional living space, storage, or future customization. Outside, the mature trees and private setting create a peaceful retreat while still being close to town conveniences. This location is quiet, private, and ready for its next family.

214 S Goodrich Street, Colfax
521 W Washington Street, Colfax
$147,000
3 Beds ⋅ 1 Baths ⋅ 749312 MLS
Welcome to this completely remodeled 3-bedroom, 1-bathroom home situated on a corner lot in Colfax. Step inside through the updated kitchen, featuring a fresh modern look and all appliances included. Just off the kitchen, the dining room provides a dedicated space for everyday meals and gatherings. Continue through the home to find comfortable living spaces, three bedrooms, and a beautifully updated bathroom. The updates go well beyond the finishes. Major improvements completed in 2026 include a new roof, furnace, central air, water heater, and windows, giving the next owner peace of mind from day one. Outside, enjoy the added space of a corner lot along with a 1-car garage for parking or additional storage. With the big-ticket items already taken care of and a complete remodel throughout, this home is ready for its next owner to move in and enjoy! All information obtained from seller and public records.

521 W Washington Street, Colfax
119 W Division Street, Colfax
$249,900
4 Beds ⋅ 1 Baths ⋅ 747896 MLS
Welcome to 119 W Division St in Colfax, Iowa! This updated 4-bedroom home offers a fresh, move-in-ready interior along with several major exterior improvements. recent updates include a new roof, new siding, and new windows. Inside, you'll find new interior paint, a completely updated new kitchen featuring new solid wood cabinetry, granite countertops, and new stainless steel appliances. New LVP flooring and carpet throughout give the home a clean, modern feel. The basement provides a fourth bedroom with an egress window, laundry area, and additional unfinished space ideal for storage or the opportunity to create a future rec room or additional living space. Outside, enjoy a two-car detached garage and yard space for outdoor activities and pets. Conveniently located in Colfax, IA, this updated Central Iowa home combines modern improvements, functional living space, and room to grow. Schedule your private showing today!

119 W Division Street, Colfax
12286 Federal Avenue, Colfax
$449,900
6 Beds ⋅ 4 Baths ⋅ 747218 MLS
$50k under appraised value? That is incredible! This spacious 6-Bedroom Home on nearly an Acre in Colfax with close to 3500 Sqft finished + Pool & outbuildings is ready for you! A rare opportunity to enjoy space, flexibility, and country-style living just outside the city limits! This expansive 6-bedroom, 3½-bath home is designed for all. Step inside to discover a nice size family room, dining room w/a gas fireplace, perfect setting for gatherings. Spacious primary suite offers its own shower and relaxing jetted tub, while the additional bedrooms provide plenty of room for family, guests, hobbies, or a dedicated home office. The fully finished basement takes the possibilities even further with a kitchenette, theater room, and workout room, 2 bedrooms with egress and a bathroom. The basement has the flexibility today's families are looking for. Outside, the property truly shines. Set on just under an acre outside the city limits, there's plenty of space to enjoy the outdoors without sacrificing convenience. Cool off in the above-ground saltwater pool (also heated), enjoy the expansive yard, or take advantage of the multiple storage options with three sheds. A two-car attached garage plus carport provides abundant parking and storage for vehicles, recreational equipment, toys, and more. Major updates offer additional peace of mind, including a full roof replacement approximately three years ago, with the furnace and central air approximately five years old.

12286 Federal Avenue, Colfax
217 W High Street, Colfax
$249,900
2 Beds ⋅ 2 Baths ⋅ 746275 MLS
Calling all car enthusiasts, hobbyists, and anyone who's ever said "I just need more garage space" - this one delivers! The massive 26x40 detached garage comes complete with its own separate 100-amp panel, PLUS a 28x32 shop for even more storage, projects, or toys. Set on a nice corner lot with newer concrete on the driveway, this well-cared-for estate home is ready for its next owner. Inside, you'll find two generously sized bedrooms on the main level along with newer LVP flooring, while the basement offers a third non-conforming bedroom, a 3/4 bath, and a fireplace just waiting for your vision to transform the space into additional living area. All the big-ticket items are done for you - furnace, A/C, water heater, and roof have all been replaced, with the oldest dating back to just 2020. Enjoy your morning coffee on the brand-new front deck! Homes with this much shop and garage space don't come along often - schedule your showing today!

217 W High Street, Colfax
121 W Spring Street, Colfax
$159,900
2 Beds ⋅ 1 Baths ⋅ 744907 MLS
Welcome home to this affordable 2 bedroom, 1-bath property that's full of opportunity! Whether you're a first-time home buyer, downsizing, or looking for an affordable property, this home offers a solid foundation to build equity while moving in with confidence. Some major improvements have already been completed like the new roof and new windows allowing you to focus on making the space your own over time. The functional one-level layout offers comfortable everyday living, while the full basement provides additional storage and future possibilities. Outside, you'll appreciate the spacious 24' x 26' detached garage with loft, concrete patio, and manageable yard—perfect for relaxing, gardening, or entertaining. Conveniently located close to community amenities, this property is an excellent opportunity to own instead of rent. With affordability, important updates already in place, and room to add your personal touch, this home is one you won't want to miss looking at!

121 W Spring Street, Colfax
400 W Spring Street, Colfax
$169,900
3 Beds ⋅ 2 Baths ⋅ 742197 MLS
Looking for more home for your money? 400 W Spring St in Colfax delivers a lot to appreciate with 3 bedrooms, 2 full bathrooms, a detached garage and a flexible floor plan filled with everyday conveniences. Step inside to a welcoming living room and a main floor bedroom with ample closet space. The eat-in kitchen offers stainless steel appliances, plenty of cabinet and counter space, while a separate dining area gives you additional room for meals and gatherings. Even better, the laundry and mudroom are conveniently located on the main floor. Head upstairs to find two additional bedrooms and another full bathroom, providing plenty of options for bedrooms, guests, hobbies or a home office. Out back, the covered enclosed porch adds even more usable space, while the single-stall detached garage provides parking and storage. Enjoy the affordability and charm of Colfax with local amenities nearby and convenient access to I-80, making Newton, Altoona, Des Moines and the greater metro easily accessible. If space, functionality and value are at the top of your list, this one deserves a closer look!

400 W Spring Street, Colfax
215 W Spring Street, Colfax
$420,000
7 Beds ⋅ 4 Baths ⋅ 728561 MLS
Welcome to this remarkable multi-generational home with an attached apartment or mother-in-law suite. Discover this truly unique property offering 4669 sq ft of living space with endless possibilities! Perfect for multi-generational living or flexible use, this home features a spacious attached apartment complete with it's own kitchen, 2 living areas, 2 bathrooms, 3 bedrooms and laundry hookups providing privacy and convenience under one roof. the suite is connected to the main home with an amazing breezeway that leads to the fully updated kitchen in the main home. In total this property boasts 7 bedrooms and 4 bathrooms, 2 full kitchens and 2 laundry areas. The main home offers an inviting layout with generous living spaces , large windows bringing in natural light, and quality updates throughout. Outside enjoy the beautifully landscaped yard complete with an amazing water feature and fountain out front. There is an attached 2 car garage as well as a detached 2 car garage situated on a large lot across from the park, and being just a short drive to the Des Moines Metro area for work shopping and entertaining. This is a one of a kind property that blends space, flexibility, and serenity, a rare find that's move-in ready and full of potential!

215 W Spring Street, Colfax
300 E Front Street, Colfax
$75,000
3 Beds ⋅ 2 Baths ⋅ 714610 MLS
This property offers great potential for investors, with significant exterior updates already completed, including all-new windows, a back sliding door, new siding, soffit, fascia, and gutters, plus a new roof installed in 2019. The interior is a blank canvas, ready for personal touches to bring it to life. Located in Colfax, it offers small-town charm with the convenience of Altoona shopping just a short drive away.

300 E Front Street, Colfax
Start Your Search