The story of this market
The typical home in ZIP 23834 sells for about $301,000, or $195 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,256 a month.
ZIP 23834 — Colonial Heights
The housing market in 23834 shows steady appreciation and moderate demand, driven by its affordability relative to the broader Richmond MSA. While inventory remains tight, the market is characterized by stable, long-term ownership patterns and consistent demand from local families.
This ZIP is well-suited for family buyers and commuters seeking a lower price point than the Richmond core, offering a suburban lifestyle with established infrastructure and proximity to regional employment.
Median prices moved up 2.4% year over year.
Homes spend a median of 35 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 7.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23834, Colonial Heights city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Colonial Heights are generally consistent with regional averages for the Tri-Cities area, with property crime being the primary concern. Local law enforcement maintains active community outreach to manage safety trends.
The area is served by the Colonial Heights Public Schools district, which is generally regarded as providing stable educational outcomes for the local population.
The ZIP code includes areas adjacent to Swift Creek, which are subject to standard flood plain management; wildfire risk is low due to the suburban density.
Economic momentum is driven by the Tri-Cities regional employment base, with proximity to major logistics and retail corridors providing steady infrastructure support.
Property taxes are assessed by the City of Colonial Heights, which operates as an independent city; the rate is set annually by the city council to fund municipal services and schools.
Residents primarily commute via I-95 and US-1, providing direct access to the Richmond employment core and the broader Tri-Cities industrial hubs.
The area features significant local amenities including White Bank Park, Shephard Stadium, and various municipal ballfields and soccer complexes within a 3-mile radius.
The rental market exhibits moderate vacancy pressure with a mix of single-family rentals and apartment complexes; investor interest is steady but requires careful management of older housing stock.
The economy is anchored by the Tri-Cities regional mix of retail, logistics, and government services, benefiting from its location within the Richmond MSA.
The area is served by major highway corridors including I-95 and US-1, facilitating regional transit and commuting.
Development is focused on infill and maintenance of existing suburban infrastructure within the independent city limits.
The City of Colonial Heights maintains its own assessment office for property tax purposes.
Parcels are subject to city-level municipal taxes and the Colonial Heights Public Schools district levies.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural hazards.
Data retrieved from US Census Bureau QuickFacts and ACS 5-year profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
22-acre park adjacent to Swift Creek with pavilions and trails.
Local stadium used for community sports and events.
Major regional shopping destination serving the Tri-Cities area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.