Home Insurance in Colfax, California
The median home value in Colfax is $434,300, 37% lower than the Placer County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Colfax was built around 1987. About 25% of homes were built before 1960, about 16 points above Placer County's 8%.
The housing stock in Colfax is 58% single-family homes, 12% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 55% of owner-occupied homes in Colfax have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Colfax has an owner-occupancy rate of 45% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
37% of homes in Colfax are primarily heated with electricity. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Placer County's top FEMA-rated hazard is wildfire (Relatively High), per FEMA's National Risk Index. Placer County had 1,254 active NFIP flood policies as of September 2026. See the full Placer County home insurance overview for all FEMA hazard ratings and flood coverage details.
In California, the statewide average premium for a standard HO-3 homeowners policy is $1,655 per year (NAIC, 2023 data).
Key figures
| Median home value | $434,300 |
|---|---|
| Median year built | 1987 |
| Owner-occupied share | 45% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Placer County | 1,254 |
| Home insurance premium | $1,655 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)