The housing market in Colonial Heights, VA (23834) is doing very well. The median value of homes in the area is currently $253,500, which is significantly lower than the US median value of $338,100. However, this disparity is offset by a much higher rate of house appreciation over the past year. In Colonial Heights, houses have appreciated 12.84% compared to 8.27% nationally. This indicates a healthy and thriving local economy that could be attractive to potential home buyers looking for a great investment opportunity.
The median home cost in Colonial Heights (zip 23834) is $253,500. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Colonial Heights (zip 23834) is up 18.6%.
Average Age of Homes
- The median age of Colonial Heights (zip 23834) real estate is 43 years old
The Rental Market in Colonial Heights (zip 23834)
- Renters make up 31.1% of the Colonial Heights (zip 23834) population
- 1.5% of houses and apartments in Colonial Heights (zip 23834), 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.