Market Overview
Home Prices in Colonial Heights, VA
The median home value in Colonial Heights, VA is $301,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colonial Heights are priced26% below average. Colonial Heights is part of the Richmond, VA metro area.
Over the past five years, Colonial Heights home values have risen by approximately32.4%, reflecting strong long-term appreciation in this market.
Price History
Colonial Heights Home Price Trend
City Comparison
Colonial Heights vs. National Median
At $301,894, homes in Colonial Heights cost 26% below the national median of $410,000. This makes Colonial Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colonial Heights?
20% Down Payment
$60,379
on $301,894
Monthly P&I
$1,574/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,999/mo
incl. taxes & insurance
Income Needed
$79,960
gross annual (30% rule)
10% Down Option
$30,189
+ PMI applies
Loan Amount (20% dn)
$241,515
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Colonial Heights, VA?
The median home value in Colonial Heights is $301,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Colonial Heights?
Over the past year, home values in Colonial Heights have increased by 1.4%. Over five years, prices have risen approximately 32.4%.
How much do I need to earn to buy a home in Colonial Heights?
To comfortably afford the median home price of $301,894 with a 20% down payment ($60,379) at today's rates (6.8%), you'd need a gross annual income of approximately $79,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Colonial Heights compare to the national average home price?
The national median home value is approximately $410,000. At $301,894, homes in Colonial Heights are 26% below the national average.
What metro area is Colonial Heights part of?
Colonial Heights is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.