Colonial Heights, VA housing market
The typical Colonial Heights home is worth about $298,000, up 1.3% in a year, 28% below the Virginia typical home. Homes typically sell in 21 days, close to asking.
Home values, sales, trends and how Colonial Heights compares with the towns next door — updated as new data is published.
Colonial Heights at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Colonial Heights | Virginia |
|---|---|---|
| 2017 | $160,000 | $253,000 |
| 2018 | $168,000 | $263,000 |
| 2019 | $177,000 | $271,000 |
| 2020 | $189,000 | $284,000 |
| 2021 | $211,000 | $311,000 |
| 2022 | $235,000 | $345,000 |
| 2023 | $280,000 | $367,000 |
| 2024 | $284,000 | $386,000 |
| 2025 | $297,000 | $405,000 |
| 2026 | $298,000 | $411,000 |
| August 2026 | $298,000 | $415,000 |
15 new homes permitted in 2025
Builders were permitted 15 new homes in Colonial Heights in 2025, all single-family houses, worth about $2.3 million to build. That's 0.8 per 1,000 residents, slower than across Virginia (4). Over the past 10 years, Colonial Heights has permitted 94 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Colonial Heights gained 759 residents while 67 new homes were permitted: about 11 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Virginia: 2.2 new residents per new home.
How Colonial Heights ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $603,000 |
| 2025 | 15 | 15 | 0 | $2.3 million |
| 2024 | 17 | 17 | 0 | $2.9 million |
| 2023 | 12 | 12 | 0 | $2.1 million |
| 2022 | 6 | 6 | 0 | $870,000 |
| 2021 | 13 | 13 | 0 | $1.5 million |
| 2020 | 6 | 6 | 0 | $1 million |
| 2019 | 3 | 3 | 0 | $434,000 |
| 2018 | 12 | 12 | 0 | $1.8 million |
| 2017 | 6 | 6 | 0 | $1.1 million |
| 2016 | 4 | 4 | 0 | $553,000 |
| 2015 | 4 | 4 | 0 | $653,000 |
| 2014 | 13 | 13 | 0 | $1.7 million |
| 2013 | 8 | 8 | 0 | $860,000 |
| 2012 | 5 | 5 | 0 | $640,000 |
| 2011 | 6 | 6 | 0 | $603,000 |
| 2010 | 6 | 6 | 0 | $548,000 |
| 2009 | 4 | 4 | 0 | $261,000 |
| 2008 | 24 | 24 | 0 | $2.4 million |
| 2007 | 16 | 16 | 0 | $2.2 million |
| 2006 | 40 | 40 | 0 | $6.5 million |
| 2005 | 54 | 54 | 0 | $9.6 million |
| 2004 | 46 | 46 | 0 | $6.8 million |
| 2003 | 57 | 57 | 0 | $7.7 million |
| 2002 | 54 | 54 | 0 | $7 million |
| 2001 | 146 | 58 | 88 | $8.8 million |
| 2000 | 41 | 41 | 0 | $4.8 million |
How Colonial Heights ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Colonial Heights and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Colonial Heights | $298K | +1.3% | $1,540 | 15 | $76,505 |
| Ettrick | — | +8.3%† | $1,540 | — | $58,137 |
| Petersburg | $251K | +2.8% | $1,540 | 95 | $50,698 |
† FHFA price index change, where Zillow has no home value for the town.
3.9 years of income
The typical Colonial Heights home costs about 3.9 years of the town's median household income, less than across Virginia (4.5 years).
How Colonial Heights ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,540
HUD's Fair Market Rent for a two-bedroom in Colonial Heights is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Colonial Heights pay a median of $1,234, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $1,340 · 4 bedrooms $2,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23834; Richmond, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Colonial Heights
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.