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Colonial Place (Tract 002800)

Norfolk, Virginia

FIPS 51710002800

Juniper

Colonial Place (Tract 002800) is in the lowest 29% nationally for FEMA risk score. It also sits in the lowest 16% nationally for home price growth over five years. And it sits in the highest 32% nationally for median rent.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$432,425

Higher than 62% of U.S. tracts
Home Price Growth, Past Five Years

36%

Lower than 84% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

29.7

Lower than 71% of U.S. tracts

The basics

Total Population

3,988

Median Age

38.3

Population Density

7,896.94

Home values & property tax

Median Property Tax

$4,020

Property Tax Rateyearly tax as a share of home value

1.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.11×

Higher than 58% of U.S. tracts
Median Income

$89,506

Higher than 63% of U.S. tracts
Median Rent

$1,681

Higher than 68% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

4.6%

Higher than 59% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

31%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

22%

Climate & weather

Summer Avg High (°F)

85.9

Winter Avg Low (°F)

34.1

Avg Temperature (°F)

60.1

Hot Days/yr (>90°F)

35.2

Freezing Days/yr (<32°F)

50.5

Annual Precipitation (in)

50

Annual Snowfall (in)

3

Flood & disaster risk

Coastal Flood Loss per $1,000

$0.28

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Colonial Place (Tract 002800): frequently asked questions

What is the typical home value in Colonial Place (Tract 002800)?
The estimated median home value in Colonial Place (Tract 002800) today is $432,425, higher than 62% of U.S. tracts.
How much is property tax in Colonial Place (Tract 002800)?
The median annual property tax in Colonial Place (Tract 002800) is $4,020, an effective rate of 1.1% of home value.
Is Colonial Place (Tract 002800) expensive to live in?
Homes in Colonial Place (Tract 002800) cost about 4.11× the median household income, higher than 58% of U.S. tracts.
What is the average rent in Colonial Place (Tract 002800)?
The median gross rent in Colonial Place (Tract 002800) is $1,681 a month, higher than 68% of U.S. tracts.
How much have home prices grown in Colonial Place (Tract 002800)?
Home prices in Colonial Place (Tract 002800) have moved 36% over the past five years (4.6% in the past year), per the FHFA House Price Index.
How many people live in Colonial Place (Tract 002800)?
Colonial Place (Tract 002800) has a population of 3,988, about 7,896.94 people per square mile, per the U.S. Census American Community Survey. The median age is 38.3.
What is the weather like in Colonial Place (Tract 002800)?
Colonial Place (Tract 002800) averages 60.1°F year-round, summer highs near 85.9°F, winter lows around 34.1°F (NOAA 1991–2020 normals). It sees about 3 inches of snow a year.
Is Colonial Place (Tract 002800) at risk of flooding or natural disasters?
Colonial Place (Tract 002800)'s FEMA National Risk Index score is 29.7 (lower than 71% of U.S. tracts). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0.28 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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