The housing market in Colonial Heights, VA is thriving. The median value for a house in the city is $272,800, which is significantly lower than the US median house value of $338,100. However, this lower cost also comes with greater appreciation potential; in the past year alone, home values have appreciated by 12.84%, more than double the national average of 8.27%. This illustrates just how attractive buying a home in Colonial Heights can be and makes it an ideal place for potential homeowners to invest their money.
The median home cost in Colonial Heights is $272,800. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Colonial Heights is up 18.6%.
Average Age of Homes
- The median age of Colonial Heights real estate is 48 years old
The Rental Market in Colonial Heights
- Renters make up 31.8% of the Colonial Heights population
- 1.0% of houses and apartments in Colonial Heights, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.