Colonial Place, Norfolk, VA—23502
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$302,000
0.3% YoY Growth
Household Income
$66,500
22.4% YoY Growth
Days on Market
38
16.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$1,500
5.6% YoY Growth
1-Bed Rent
$1,000
21.0% YoY Growth
2-Bed Rent
$1,430
11.2% YoY Growth
3-Bed Rent
$1,900
0.5% YoY Growth
Home Price Trends — Colonial Place, Norfolk, VA
As of Nov '25, the median home price in Colonial Place, Norfolk, VA is $302,000, with a year-over-year change of -0.3%. This indicates that home prices in Colonial Place, Norfolk, VA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $302,000 | -0.3% |
| Single Family | $303,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |