Similar to its nearby areas, it is a lot less expensive compared to the rest of the nation. However compared to the city of Knoxville, it's a bit more expensive.
Home prices
Colonial Heights's median home value is $145,400. Compared to nearby areas it is is very similar.In comparison to the entire country it is approximately $72,100 (33%) lower, and it is approximately $9,100 (6%) higher in comparison to the city of Knoxville.
Rents
The median monthly rent in Colonial Heights is $945. It is approximately $242 (34%) higher in comparison to its surrounding areas.It is about $117 (11%) lower in comparison to the entire nation, and in comparison to the city of Knoxville it is about $100 (11%) higher.
Nearby places
Kingsport
Kingsport is Colonial Heights's neighbor to the northwest. Housing prices there are fairly similar. Kingsport's median home price is $145,800, which is very similar to Colonial Heights. Its rents are significantly less expensive. Kingsport's median rent is $655 a month, which is $290 (44%) lower than Colonial Heights.
Spurgeon
Spurgeon is roughly 3 miles southeast of Colonial Heights. Real estate prices there are pretty similar. Spurgeon's median home value is $150,400, which is $5,000 (3%) higher than Colonial Heights. Rents there are somewhat less expensive. The median rent in Spurgeon is $814 a month, which comes out to $131 (16%) lower than Colonial Heights.
Gray
Gray is about 4 miles south of Colonial Heights. Real estate prices there are a little more expensive. The price of the median home in Gray is $171,900, which works out to $26,500 (15%) higher than Colonial Heights. Rents there are similar. The median rent in Gray is $905 per month, which works out to $40 (4%) lower than Colonial Heights.
Bloomingdale
Bloomingdale is about 6 miles north from Colonial Heights. Its real estate prices are substantially less expensive. The median home in Bloomingdale is valued at $110,000, which is $35,400 (32%) lower than Colonial Heights. Rents there are a lot less expensive. In Bloomingdale the median monthly rent is $585, which works out to $360 (61%) lower than Colonial Heights.
Fall Branch
Fall Branch is about 7 miles southwest from Colonial Heights. Housing prices there are pretty similar. The cost of the median home in Fall Branch is $146,500, which is very similar to Colonial Heights. The rent there is a lot less expensive. Fall Branch's median monthly rent is $556, which works out to $389 (69%) lower than Colonial Heights.
