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These days, finding an affordable place to live in the Colonial Beach area can be challenging. Home prices in Colonial Beach are now at a median cost of $274,447, lower than the Virginia average of $443,089.
The average cost of rent is $1,155/mo in Colonial Beach, primarily driven by the current value of real estate in the Colonial Beach area. In Colonial Beach, 18.65% of households rent, and 33.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colonial Beach is $5,437 per month. Households that rent pay about 21.24% of their income on rent here. Colonial Beach’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Monroe Hall, VA: equally priced homes
- Maple Grove, VA: higher priced homes
- Oak Grove, VA: less expensive homes
- Issue, MD: higher priced homes
- Shiloh, VA: higher priced homes
- Leedstown, VA: less expensive homes
- Dahlgren, VA: higher priced homes
- Cobb Island, MD: less expensive homes
- Rock Point, MD: higher priced homes
- Horners, VA: less expensive homes
Cities with Similar Populations
- Haverford, PA: higher priced homes
- Rumford, RI: higher priced homes
- Innsbrook, VA: higher priced homes
- Indiantown, FL: less expensive homes
- Holtville, CA: higher priced homes
- Holly Ridge, NC: higher priced homes
- Hitchcock, TX: less expensive homes
- Hinckley, OH: higher priced homes
- Highland Park, TX: higher priced homes
- Hertford, NC: less expensive homes
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