A typical Colonial Heights home is worth roughly $270,000
The median sale price was $355,000 in May 2026.
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
Home prices up 69% in 5 years
The federal house price index for the ZIP codes around Colonial Heights rose 69% over the past 5 years, faster than across Tennessee (60%). Prices were about flat last year. Carrying the Census median home value forward with that index puts the typical Colonial Heights home at roughly $270,000 today.
Carrying the Census median forward with the index puts a typical home at about $270K.
How Colonial Heights ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Colonial Heights, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.4 years of income
Less than across Tennessee (4.1 years). Try your own numbers below.
That covers a typical Colonial Heights home, with $63K to spare.
A two-bedroom rents for about $1,070 a month here, $440 less than owning.
How Colonial Heights ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Colonial Heights’s typical property tax (0.43% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,070
Renters already here pay a median of $944, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Johnson City, TN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
85% of Colonial Heights households own their home
Half of Colonial Heights’s homes were built before 1971.
Tennessee: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Colonial Heights vs. its neighbors
The towns that share a border with Colonial Heights. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Colonial Heights | $270K* | +0.3%† | $1,070 | — | $80,148 |
| Kingsport | $257K | −0.9% | $1,050 | 408 | $52,490 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Colonial Heights buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.