HomeVirginiaColonial Heights city
Colonial Heights city, Virginia: commercial real estate data.
Colonial Heights city, Virginia has a population of 18,352 across 8 square miles, up 2.9 percent since the 2020 census base. 630 establishments operate here, and the SBA record carries 17 7(a) approvals worth $7.1 m.
109 sourced county values · tier FULL · 10 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Colonial Heights city
How many people live in Colonial Heights city
- Population18,352
- Households7,530
- Average household size2.44
- Median household income$76,505
- Median age38.2
- Median gross rent$1,234 per month
- Median owner-occupied home value$246,600
- Home value to household income3.2 times
- Annual rent as a share of median income19.4 percent
- Adults 25 and over with a bachelor degree or higher28.0 percent
- Adults 25 and over with a graduate degree10.2 percent
- Adults 25 and over12,582
- Population under 184,508
- Share under 1824.6 percent
- Population 65 and over3,364
- Share 65 and over18.3 percent
- Working age population, 18 to 6410,480
- Civilian labor force9,129
- Unemployment rate3.6 percent
- Labor force participation, adults 18 and over65.9 percent
- Rank by population among Virginia independent cities84th of 133
- Rank by population among US county-equivalents1971st
Colonial Heights city is the 84th largest of 133 Virginia independent cities by population. A median home costs 3.2 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.6 percent against 18.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Colonial Heights city
Is Colonial Heights city's population growing?
- Population change since the 2020 census base2.91 percent
- Census 2020 base population18,146
- Births, 2024256
- Deaths, 2024280
- Natural change, 2024-24
- Net domestic migration, 2024179
- Net international migration, 202478
- Total net migration, 2024257
- Cumulative net domestic migration, 2021 to 2024472
- Rank by growth among US county-equivalents895th
The county has grown 2.91 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Colonial Heights city
Where are people moving to Colonial Heights city from?
- Tax returns filed by households arriving877
- People arriving, from those returns1,611
- Adjusted gross income arriving$40.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$45,603
- Largest single originColonial Heights city Non-migrants (6,672 households)
- Largest single destination (6,672 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Colonial Heights city Non-migrants | 6,672 | 12,623 | $422.4 m |
| Chesterfield County | 279 | 495 | $12.2 m |
| Other flows - Different State | 133 | 254 | $8.8 m |
| Petersburg city | 107 | 202 | $3.7 m |
| Other flows - Same State | 107 | 185 | $4.4 m |
| Other flows - South | 70 | 139 | $4.4 m |
| Dinwiddie County | 60 | 116 | $2.2 m |
| Prince George County | 54 | 90 | $2.3 m |
The largest single source of arrivals is Colonial Heights city Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Colonial Heights city
Largest employers in Colonial Heights city
- Covered employment, annual average9,693
- Establishments reporting757
- Average annual pay$43,347
- Average weekly wage$834
- Sector 44-45, employment2,752
- Sector 44-45, average annual pay$29,704
- Sector 72, employment1,973
- Sector 72, average annual pay$23,498
- Sector 62, employment1,604
- Sector 62, average annual pay$60,647
- Sector 81, employment424
- Sector 81, average annual pay$43,598
- Sector 54, employment379
- Sector 42, employment250
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 2,752 | 145 | $29,704 |
| Sector 72 | 1,973 | 80 | $23,498 |
| Sector 62 | 1,604 | 186 | $60,647 |
| Sector 81 | 424 | 63 | $43,598 |
| Sector 54 | 379 | 46 | $61,771 |
| Sector 42 | 250 | 20 | $68,158 |
| Sector 52 | 248 | 46 | $84,722 |
| Sector 23 | 182 | 31 | $61,776 |
The largest sector is the biggest private employer group at 2,752 jobs, 28.4 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Colonial Heights city
How many businesses are in Colonial Heights city?
- Establishments, all industries630
- Employment at those establishments8,953
- Annual payroll$304.8 m
- Establishments per 1,000 residents34.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Colonial Heights city
Building permits in Colonial Heights city
- Housing units authorised by permit, 202417
- Declared construction value permitted$2.9 m
- Single family units authorised17
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$167,941
- Units authorised per 1,000 households2.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Colonial Heights city
SBA loans in Colonial Heights city (7(a) and 504)
- 7(a) approvals recorded17
- 7(a) gross approval dollars$7.1 m
- Average 7(a) approval$419,453
- Median 7(a) approval$175,000
- 10th percentile approval$15,000
- 90th percentile approval$1,470,000
- Largest single approval$1,575,000
- Jobs reported supported, 7(a)197
- Jobs per approval11.6
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals16
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.8 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter12
- Franchise loans4
- Franchise share of approvals23.5 percent
- Leading industry by approval countLimited-Service Restaurants (2)
- Most active lenderNortheast Bank (2)
- 504 approvals recorded2
- 504 gross approval dollars$1.1 m
- Average 504 approval$526,500
- Median 504 approval$875,000
- Distinct CDCs active2
- 504 jobs per approval11.5
- 504 jobs per million dollars approved21.8
- Most active CDCBusiness Finance Group, Inc. (1)
- 7(a) share of SBA approvals89.5 percent
- Combined SBA approval dollars$8.2 m
The average approval of $419,453 sits well above the median of $175,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 11.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Colonial Heights city
SBA loan default and charge-off rates in Colonial Heights city
Do SBA loans in Colonial Heights city get paid back?
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Exempt from disclosure11
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 5 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Colonial Heights city
SBA lending by place in Colonial Heights city
- Places in the county with recorded lending2
- COLONIAL HEIGHTS, approvals16
- South Chesterfield, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| COLONIAL HEIGHTS | 16 | $7,034,000 |
| South Chesterfield | 1 | $96,700 |
COLONIAL HEIGHTS accounts for 16 approvals against 1 in South Chesterfield. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Colonial Heights city
How large is Colonial Heights city?
- Land area8 sq mi
- Rank by land area among Virginia independent cities125th of 133
- Width, east to west3.8 mi
- Height, north to south3.4 mi
- Geographies sharing a boundary2
- Residents per square mile of land2,294
- Establishments per square mile78.75
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Colonial Heights city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Colonial Heights city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population18,352
- Households7,530
- Average household size2.44
- Median household income$76,505
- Median age38.2
Common questions
Colonial Heights city questions, answered from the record.
How many people live in Colonial Heights city, Virginia?
18,352, in 7,530 households, ranking 84th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Colonial Heights city's population growing?
The population has grown 2.91 percent since the 2020 census base. In 2024 there were 256 births against 280 deaths, with net migration of 257. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Colonial Heights city?
$76,505. The median owner-occupied home is valued at $246,600, which is 3.2 times income, and median gross rent is $1,234 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Colonial Heights city?
630 establishments, employing 8,953 people with an annual payroll of $304.8 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Colonial Heights city?
Average annual pay is $43,347, or $834 a week, across 9,693 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Colonial Heights city?
17 7(a) approvals totalling $7.1 m since FY2020, across 14 lenders, with a median approval of $175,000, plus 2 504 approvals worth $1.1 m. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Colonial Heights city?
17 housing units were authorised by permit in 2024, with a declared construction value of $2.9 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Colonial Heights city?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Colonial Heights city come from?
The largest single origin is Colonial Heights city Non-migrants, with 6,672 households. Arriving households report an average income of $45,603 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Colonial Heights city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Colonial Heights city?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.