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EconPulse

Local economy signal dashboard

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PLACEThriving

Colonial Heights, TN

Thriving overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score81out of 100
Compare
89
59
100
80
100

Population

3,258

Data freshness

Unknown

GDP / Output

+7.2% YoY

89

$11.9B

Output changed +7.2% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

59

4.5%

Unemployment is 4.5% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

+12.8% 5-year

100

3,258

Population moved +12.8% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

80

14.1%

Median rent consumes 14.1% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.5K per resident

100

$1.8B

$1.8B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$121.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.8B

$11.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.1B
2. Department of Defense$491.3M
3. Department of Veterans Affairs$150.8M

Top recipients

Dollars
1. BAE SYSTEMS ORDNANCE SYSTEMS INC.$264.3M
2. PARSONS GOVERNMENT SERVICES INC$176.8M
3. TENNESSEE DEPARTMENT OF TRANSPORTATION$35.2M

Affordable

Housing Affordability

14.1%

of median income

1BR estimate$774
2BR estimate$1,020
Median income$80,148
Median home value$217,100

ACS context

Quick Facts

Population

3,258

Median age

49.8

Bachelor's degree+

26.1%

Poverty rate

4.7%

Labor force participation

62.3%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+2.4%

GDP CAGR

+7.1%

Federal flow

5 years

Population (5 years)
20202,889
20212,877
20222,667
20232,783
20243,258
GDP (5 years)
2020$8.4B
2021$9.8B
2022$10.7B
2023$11.1B
2024$11.9B

2-year linear forecast

Predictive Outlook

Population forecast

20243,258
20253,088 *
20263,152 *

R² = 21.1% · * projected

GDP forecast

2024$11.9B
2025$12.8B *
2026$13.7B *

R² = 95.6% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$80,148/yr
Median rent$944/mo
Rent share of income14.1%
Est. mortgage (30yr, 6.5%)$13,173/yr
Mortgage share of income16.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.5%
State avg4.7%
U.S. avg5.2%
Labor force participation62.3%
Poverty rate4.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$217,100
Median monthly rent$944
Price-to-rent ratio19.2x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score82/100
Economic growth89/100
Labor market59/100
Population momentum100/100
Overall stability81/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Colonial Heights CDP, Tennessee

City/Town

Part of

Kingsport-Bristol, TN-VA

Nearby locations

Kingsport, TNSpurgeon, TNOrebank, TNGray, TNSullivan Gardens, TN