Why Live in Colonial Village
Colonial Village in Arlington, built in the 1930s by the Federal Housing Authority, features garden-style condominiums no higher than three stories, contrasting with the modern high-rises in nearby Rosslyn. This neighborhood is part of Arlington's Court House region, offering a vibrant dining and nightlife scene minutes away. Local dining options include Thai Select, Pho 75, and Courthouse Kabob, while entertainment venues like AMC Courthouse Plaza 8 and Rhodeside Grill are easily accessible. Residents can shop at Safeway in Rosslyn or MOM's Organic Market in North Highland. Colonial Village is known for its affordable starter homes, with prices ranging from $300,000 to $625,000, featuring studio, one-and-two-bedroom units. Some older units may lack amenities like in-unit laundry or central air conditioning. The neighborhood is shaded by moderate tree cover and features landscaped grounds and open spaces. The community includes three condo associations and offers recreational spots like Colonial Village Playground, Custis Trail, and Mount Vernon Trail, leading to Theodore Roosevelt Island. McCoy Park and Gateway Park, which hosts events like the Rosslyn Jazz Festival, are also nearby. Students attend highly rated schools such as Innovation Elementary, Yorktown High School, and Dorothy Hamm Middle School. Colonial Village is conveniently located near Interstate 66 and Wilson Boulevard, providing quick access to Georgetown and Rosslyn. Public transportation options include the Courthouse metro station and Arlington Regional Transit buses.
Frequently Asked Questions
Is Colonial Village a good place to live?
Colonial Village is a good place to live. Colonial Village is considered very walkable and very bikeable with great transit options. Colonial Village has 5 parks for recreational activities. It is very dense in population with 28.6 people per acre and a median age of 37. The average household income is $124,633 which is above the national average. College graduates make up 87.3% of residents. A majority of residents in Colonial Village are renters, with 62.2% of residents renting and 37.8% of residents owning their home. A
local real estate agent serving Colonial Village can help you decide if this neighborhood is the right one for you. Learn more on our
Colonial Village neighborhood guide.
Is Colonial Village, VA a safe neighborhood?
Colonial Village, VA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Colonial Village?
The median home price in Colonial Village is $459,900. If you put a 20% down payment of $92,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,380 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Colonial Village. The average household income in Colonial Village is $125K.
What are the best public schools in Colonial Village?
The best public schools that serve Colonial Village are:
What are the most popular zip codes in Colonial Village, Arlington, VA?
What are the most popular neighborhoods near Colonial Village, Arlington, VA?
Home Trends in Colonial Village, VA
On average, homes in Colonial Village, Arlington sell after 54 days on the market compared to the national average of 70 days. The median sale price for homes in Colonial Village, Arlington over the last 12 months is $459,900, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$459,900
Median Single Family Sale Price
$459,900
Median Townhouse Sale Price
$467,000
Average Price Per Sq Ft
$195
Number of Homes for Sale
0
Last 12 months Home Sales
758
Median List Price
$459,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%