Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$280,370+0.5% YoY · prices are flat
Market right nowBalanced, leaning sellers0% have cut their price
Income needed to buy, per year$60,778About 0.9× the local median income ($68,642): affordable for a typical household
Days on market172 days
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Colonial Heights City, VA is worth $280,370, up 0.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $238,851, so the area is 17.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 172 days to sell, 0% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $60,778 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,642. Typical rent is $1,609 a month, or $2,114 for a house. In the latest IRS figures, 143 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$280,370
Change in 1 year
+0.5%
Overvalued %
+17.4%
Show 7 more
Fair home value
$238,851
Change in 5 years
+30.9%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,519
Income needed to afford it
$60,778
Property tax rate
0.84%
Rent and investing
Typical rent
$1,609
Typical rent for houses
$2,114
Price-to-rent ratio
14.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,651
Gross rental yield
6.89%
Cap rate (estimate)
4.48%
Market activity
Days on market
172
Listings with a price cut
0.0%
Homes for sale
1
Show 2 more
Pending sales per 100 listings
100
Asking price per sq ft
$195
People and jobs
Median household income
$68,642
Population change (1 year)
+0.6%
Unemployment rate
3.6%
Show 4 more
Population
18,738
Income adjusted for cost of living
$70,114
Net moves in (IRS)
+143
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
6.0
Flood risk score
43.0
Show 3 more
Wildfire risk score
1.7
Walkability (1 to 20)
8.6
Road, rail and air noise
52 dB
Questions people ask
Is Colonial Heights City, VA overvalued?
Home prices in Colonial Heights City, VA are well above what local incomes have historically supported: fair value is about $238,851, so the area is 17.4% overvalued.
Is Colonial Heights City, VA a buyer's or seller's market?
Colonial Heights City, VA is a balanced market, leaning toward sellers: homes take about 172 days to sell, 0% of listings have had a price cut.
Are home prices going down in Colonial Heights City, VA?
Home values in Colonial Heights City, VA are up 0.5% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Colonial Heights City, VA?
A household needs about $60,778 a year to afford the typical home in Colonial Heights City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,642.