Colonial Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

Foreclosures will be a factor impacting home values in the next several years. In Colonial Beach 2.9 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Colonial Beach is 5.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Colonial Beach homeowners underwater on their mortgage is 27.9%, which is higher than Westmoreland County at 22.7%.

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Relative ZHVI
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Colonial Beach Market Overview

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Colonial Beach Market Health

Data through Jul 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 27.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Avenue $274,200
Newburg $251,300
King George $237,200
Name Median ZHVI
Cobb Island $228,200
Chaptico $202,800
 

Listings & Sales

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Colonial Beach Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,253 Colonial Beach
    $1,301 Westmoreland County
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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