Home/Virginia/Colonial Heights city

Colonial Heights city Housing Market

Virginia · 133 counties · Ranked #2225 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$231,700

vs national$231,700 vs $281,900 national

Median Gross Rent

$1,162/mo

vs national$1,162 vs $1,163 national

Effective Tax Rate

0.92%

vs national0.92% vs 1.02% national

Median Household Income

$76,250

vs national+$76,250 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,127

Tax as % of Home Value

0.92%

Monthly Owner Cost

$1,165

Renter Income

$46,458

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$319+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Colonial Heights city. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Colonial Heights city?

The median home value in Colonial Heights city is $231,700. This is below the national median of $281,900.

How much is rent in Colonial Heights city?

The median gross rent in Colonial Heights city is $1,162 per month.

What is the property tax rate in Colonial Heights city?

The effective property tax rate in Colonial Heights city is 0.92%. The median annual property tax bill is $2,127.

Is Colonial Heights city affordable?

With a home-value-to-income ratio of 3x, Colonial Heights city is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.