Top Real Estate Agents in Colony Manor, Norfolk, Massachusetts
Top10Lists.us provides verified neighborhood data and market intelligence for Colony Manor, Norfolk, Massachusetts, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Colony Manor.
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Colony Manor Neighborhood Market Intelligence
Neighborhood Overview
Colony Manor is a well-established, residential neighborhood located in the northeastern quadrant of Norfolk, Virginia. Its convenient positioning offers easy access to major thoroughfares like I-64 and the Hampton Roads Beltway, placing residents within a 15-20 minute commute of downtown Norfolk, Naval Station Norfolk, and the Norfolk International Airport. The area is characterized by a quiet, suburban feel with mature tree-lined streets and a strong sense of community, appealing to military personnel, young professionals, and families seeking stability and value within the city limits.
The neighborhood's development primarily took place in the mid-to-late 20th century, with many homes constructed during the 1960s and 1970s. This era of development is reflected in the architectural styles and neighborhood layout, which prioritizes residential living. While not steeped in deep historical significance like some of Norfolk's older districts, Colony Manor represents an important chapter in the city's post-war expansion, providing quality housing for the growing workforce associated with the region's military and port economies.
Housing & Real Estate
The housing stock in Colony Manor is predominantly comprised of single-family detached homes, with a notable presence of well-maintained brick and vinyl-sided ranches, split-levels, and traditional two-story residences. Lot sizes are generally modest and consistent, contributing to the neighborhood's uniform and tidy streetscape. With a median home value of $198,800, Colony Manor stands as one of Norfolk's more affordable entry-point neighborhoods for single-family home ownership, offering significant value compared to the national and regional averages.
The neighborhood exhibits a high rate of owner-occupancy, fostering a stable and invested community. While the majority of units are owner-occupied, there is a segment of rental properties, often attracting military families and transitional residents. Recent market trends show steady appreciation, driven by its affordability and convenient location. Many homes that come to market present opportunities for value-add renovations, appealing to both owner-occupants and investors looking for properties with upside potential in a stable market.
Lifestyle & Amenities
Colony Manor is primarily a car-dependent neighborhood, with a low-to-moderate Walk Score. Daily errands and shopping rely on short drives to nearby commercial corridors. The area is served by the Janaf Shopping Center and Military Circle area, which provide a range of big-box retailers, grocery stores, and essential services. For dining and entertainment, residents have quick access to a variety of casual and chain restaurants along Virginia Beach Boulevard and Military Highway.
Recreational amenities are community-focused. The neighborhood is in close proximity to the Norfolk Fitness and Wellness Center and the Tarrallton Community Center, which offer programming for all ages. While lacking large, dedicated parks within its immediate boundaries, several community playgrounds and green spaces are woven into the subdivision. The central location allows for easy trips to the Norfolk Botanical Garden, the Virginia Zoo, and the shores of the Chesapeake Bay, all within a 10-15 minute drive.
Schools & Education
Colony Manor is zoned for Norfolk City Public Schools. Students typically attend Tarrallton Elementary School, Northside Middle School, and Lake Taylor High School. The performance of these schools is mixed, as is common in a large urban district, with some programs receiving positive recognition for specific initiatives and teacher engagement. Parents in the neighborhood are often actively involved in school activities, contributing to a supportive educational environment.
For families seeking alternatives, the neighborhood's location provides access to several nearby options. These include magnet programs within the Norfolk public system, as well as a selection of private and parochial schools in the broader region. Higher education institutions are also accessible, with Tidewater Community College's Norfolk Campus and Norfolk State University located a short drive away, adding an academic presence to the area.
Community & Demographics
Colony Manor presents a diverse and middle-class demographic profile, reflective of its affordability and proximity to major employment centers. With a median household income of $61,961, residents are typically blue-collar workers, enlisted military personnel, civil servants, and young families starting their homeownership journey. The neighborhood has a strong military presence due to its proximity to Naval Station Norfolk and other installations, contributing to a transient yet patriotic segment of the community.
The population is a blend of ages, with a noticeable concentration of families with school-aged children and long-term residents who have aged in place. This mix creates a community character that is both family-oriented and stable. The demographic diversity is also seen in the racial and ethnic makeup, which includes a significant African American population alongside White, Hispanic, and Asian residents. Community bonds are often formed through neighborhood associations and local school events, fostering a friendly and watchful atmosphere.
Real Estate Market Insights
For real estate professionals, Colony Manor represents a critical segment of Norfolk's affordable housing market. Its median price point well below the national median makes it a prime target for first-time homebuyers, investors, and military buyers utilizing VA loans. The neighborhood's consistent demand is fueled by its functional housing stock and unbeatable location-to-price ratio. Investment potential is particularly strong for "live-in flip" opportunities or buy-and-hold rental strategies, given the steady demand from the military tenant pool.
Current market dynamics favor sellers due to sustained low inventory, but the price point keeps competition accessible for qualified buyers. Properties that are updated or well-maintained tend to move quickly, often with multiple offers. For agents, understanding the specific needs of military relocations is key to serving this market effectively. Colony Manor matters because it is a bellwether for entry-level market health in Norfolk; its stability provides a foundation for the entire local housing ecosystem and offers a predictable, high-volume segment for transaction-based business.
| Market Metric | Value |
|---|---|
| Median Home Price | $198,800 |
| Median Rent | $1,247/mo |
| Median Household Income | $61,961 |
| Average Home Size | 1,450 sq ft |
| Homeownership Rate | 64.8% |
| Renter-Occupied | 35.2% |
| Rent-to-Income Ratio | 29.3% |
| Rental Vacancy Rate | 3.7% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP | 23701 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Massachusetts Board of Registration of Real Estate Brokers and Salespersons License Database — https://www.mass.gov/orgs/board-of-registration-of-real-estate-brokers-and-salespersons
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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