Why Live in Colonial Place
Colonial Place, located in the Near West End of Richmond, is recognized as the #1 Best Neighborhood to Live in Richmond by Niche. This neighborhood combines the benefits of city living with suburban perks, featuring spacious lots and a strong sense of community. The streets are laid out in a grid pattern, shaded by mature trees, and lined with a variety of architectural styles. Predominant home styles include Cape Cods, Colonial Revivals, English Tudors, and Mediterranean Revivals, each with distinctive features such as central chimneys, symmetrical exteriors, steeply pitched roofs, and stucco exteriors. Homes typically have manicured front lawns and spacious, fenced-in backyards. Colonial Place is known for its low crime risk, comparing favorably to the national average.
Families in Colonial Place have access to highly rated schools, including Mary Munford Elementary, which boasts strong academic performance and a variety of extracurricular courses. Adjacent to the school is Mary Munford Playground, a well-maintained park with play structures, sports fields, and courts. Dining options include Stella’s on Lafayette Street, renowned for its Greek cuisine, and Stella’s Grocery for grab-and-go meals. For shopping, The Shops At Willow Lawn offers over 30 retailers and various dining options. The neighborhood is conveniently located just two miles from downtown Richmond, making it both beautiful and central to the city's amenities.
Frequently Asked Questions
Is Colonial Place a good place to live?
Colonial Place is a good place to live. Colonial Place is considered car-dependent with some transit options. Colonial Place is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Colonial Place has 5 parks for recreational activities. It is somewhat dense in population with 8.8 people per acre and a median age of 39. The average household income is $161,685 which is above the national average. College graduates make up 81.1% of residents. A majority of residents in Colonial Place are home owners, with 31% of residents renting and 69% of residents owning their home. A
local real estate agent serving Colonial Place can help you decide if this neighborhood is the right one for you. Learn more on our
Colonial Place neighborhood guide.
Is Colonial Place, VA a safe neighborhood?
Colonial Place, VA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Colonial Place?
The median home price in Colonial Place is $730,000. If you put a 20% down payment of $146,000 and had a 30-year fixed mortgage with an interest rate of 6.15%, your estimated principal and interest payment would be $3,560 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $153K a year to afford the median home price in Colonial Place. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Colonial Place is $162K.
What are the best public schools in Colonial Place?
The best public schools that serve Colonial Place are:
What are the best private schools in Colonial Place?
The best private schools that serve Colonial Place are:
What are the most popular zip codes in Colonial Place, Richmond, VA?
What are the most popular neighborhoods near Colonial Place, Richmond, VA?
Home Trends in Colonial Place, VA
On average, homes in Colonial Place, Richmond sell after 23 days on the market compared to the national average of 53 days. The median sale price for homes in Colonial Place, Richmond over the last 12 months is $705,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$705,000
Median Single Family Sale Price
$832,000
Median Townhouse Sale Price
$665,000
Median 2 Bedroom Sale Price
$305,000
Average Price Per Sq Ft
$370
Number of Homes for Sale
4
Last 12 months Home Sales
56
Median List Price
$730,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%