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Colonial Heights

Learn about the people, housing, costs and businesses in Colonial Heights County

Median Home$238,669
Median Rent$1,367/month
Population18,352
Leading IndustriesArts, Food & Hospitality · Professional Services · Wholesale Trade7% arts, food & hospitality
Home Value Growth⬆⬆+20.2% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners68% of occupied units
NotableAmenity Score85/100 · highly walkable area
NotableVeteran Community14% of residents · top 2% nationally
Colonial Heights City
VA

Frequently Asked Questions

What are today's mortgage rates in Colonial Heights?

As of today, the 30-year fixed mortgage rate for Colonial Heights is approximately 7.154% (7.183% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Colonial Heights?

The median home value in Colonial Heights is $239k. The median monthly rent is $1,367. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colonial Heights?

Home values in Colonial Heights have increased 20.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Colonial Heights?

Based on a typical all-in ownership cost of $1,258/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colonial Heights is $81k/year.

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What industries drive the economy in Colonial Heights?

The largest employment sectors in Colonial Heights are public administration (18%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas