Marketsโ€บVAโ€บColonial Heights City

Colonial Heights City, VA

Data through February 2026 ยท Updated monthly

๐Ÿ”ฅ Hot Market

Homes are selling quickly with few price cuts

Avg Home Value

$276,545

โ–ผ 0.7% year-over-year

Days to Pending

570 days

Homes For Sale

47

Avg Rent/Month

$570

The Colonial Heights City, VA housing market is holding relatively steady. The average home value is $276,545, down 0.7% year-over-year as of February 2026. Homes are spending a median of 570 days on the market before going pending. 0.2% of active listings have had a price cut.

There are currently 47 homes for sale in the county, with 14 new listings hitting the market each month.

The average asking rent in Colonial Heights City is $570 per month. For investors, the gross rent multiplier on a median-priced home is approximately 40.4, suggesting this market favors appreciation over cash flow.

Bottom-tier homes (under the 33rd percentile) are currently valued at $216,981, making them the primary target range for investors looking at wholesale deals, fix-and-flip projects, or BRRRR strategies.

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Colonial Heights City Housing Market at a Glance

Key metrics for Colonial Heights City as of February 2026. Year-over-year changes show how the market has shifted in the last 12 months.

MetricDec 2025Jan 2026Feb 20263-Mo Change
Avg Home Value$276,042$276,634$276,545โ–ฒ 0.2%
Single Family Value$275,828$276,420$276,327โ–ฒ 0.2%
Median List Price$319,967$320,000$323,333โ–ฒ 1.1%
Homes For Sale555347โ–ผ 14.5%
New Listings221714โ–ผ 36.4%
% Listings w/ Price Cut0.3%0.3%0.2%โ–ผ 42.9%

Colonial Heights City Home Value Trend (2000โ€“2026)

All-home median values including the 2008 housing crash, 2020 COVID surge, and 2022 rate shock. Switch between All Homes, Single Family, Bottom Tier, Top Tier, and Rent to compare trends.

Source: Zillow Research ZHVI / ZORI ยท Updated monthly

What Homes Cost in Colonial Heights City

Home values broken down by bedroom count, ZIP code neighborhood, and property type. 3-bedroom homes are valued at $268,680 in Colonial Heights City.

Bedroom CountAvg ValueLast 30 DaysLast Year
2 Bedrooms$202,538โ–ผ 0.1%โ–ผ 2.6%
3 Bedrooms$268,680No Changeโ–ผ 1.0%
4 Bedrooms$328,912No Changeโ–ฒ 1.3%
5+ Bedrooms$371,963No Changeโ–ฒ 1.0%

The table above reflects average home values and rent in Colonial Heights City, broken down by bedroom count, neighborhoods, and property types. Data sourced from Zillow Research.

Buyer vs. Investor Segments

Bottom-tier homes (under 33rd percentile) are the primary target for wholesale investors using the 70% rule. In Colonial Heights City, bottom-tier homes are valued at $216,981.

Bottom Tier

Under 33rd percentile

$216,981

โ–ผ 2.1% YoY

Wholesale / investor range

Mid Tier

33rd-67th percentile

$276,545

โ–ผ 0.7% YoY

Typical buyer range

Top Tier

Over 67th percentile

$353,774

Luxury / high-end

Supply, Demand and Pricing Power

How quickly homes are selling, how many are available, and whether sellers or buyers have the upper hand in Colonial Heights City.

Homes For Sale

47

14 new/month

% Listings w/ Price Cut

0.2%

Median List Price

$323,333

Rent Trends in Colonial Heights City

Zillow Observed Rent Index (ZORI) tracks typical asking rent, controlling for quality mix. At current prices, the price-to-rent ratio is 40.4x annual rent.

Avg Asking Rent

$570

Year-over-Year

--

Month-over-Month

--

Price-to-Rent Ratio

40.4x

Rent trend (ZORI)

Source: Zillow Research ZHVI / ZORI ยท Updated monthly

Colonial Heights City vs. Richmond

How Colonial Heights City compares to the broader Richmond metropolitan area.

MetricColonial Heights CityMetro Avg
Avg Home Value$276,545$383,097
Days to Pending570 days--
% Sold Below List--0.4%
Avg Rent/Month$570$1,647

Home Values in Colonial Heights City by ZIP Code

Compare home values and price trends across neighborhoods in Colonial Heights City. Click any ZIP to see its full market report.

ZIP CodeAreaAvg Home Value1Y Change
23221Richmond$626,472โ–ฒ 2.4%View โ†’
23226Richmond$565,283โ–ฒ 1.3%View โ†’
23220Richmond$436,926โ–ฒ 0.9%View โ†’
23235Richmond$402,077โ–ฒ 1.9%View โ†’
23236Richmond$383,332โ–ฒ 1.6%View โ†’
23225Richmond$357,758โ–ฒ 0.7%View โ†’
23219Richmond$348,846โ–ผ 5.3%View โ†’
23234Richmond$303,677โ–ฒ 2.7%View โ†’
23222Richmond$272,596โ–ฒ 1.6%View โ†’
23224Richmond$236,968โ–ฒ 1.6%View โ†’

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Data Sources and Methodology

Market data on this page comes from the Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI), updated monthly by Zillow Research. ZHVI measures the typical home value for a given region based on Zillow's proprietary automated valuation model, smoothed and seasonally adjusted to remove noise. ZORI measures the typical observed market-rate rent across the region, controlling for quality mix changes.

Sale price, inventory, days-on-market, and sale-to-list metrics are sourced from Zillow Research public data releases. All data is refreshed on the 17th of each month. This report was last updated February 2026.

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