Collinsville, Virginia.
Typical home $168,110 (+0.9% in a year). Martinsville, VA metro.
to buy the typical home at today's mortgage rate — +$495 (+128%) since Jan 2020.
- 1 year
- Up $1,498 +1%
- $166,612$168,110 since Sep 2025
- 5 years
- Up $41,357 +33%
- $126,753$168,110 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Collinsville$882
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Collinsville, VA rose 0.9% over the past year — slower than the nation's +1.2%.
Living in Collinsville, Henry County, Virginia
Collinsville, in Henry County, had 7,380 people in the 2020 census. Half its households earn more than $52,158 a year and half less, against $50,760 across Henry County; 16% of its people live below the poverty line. 57% of its homes are lived in by their owners and 43% are rented. Unemployment in Henry County was 4.9% in August 2026, and the county had 2.2% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Collinsville is a community in Henry County, Virginia, where incomes run a little above the county's and most homes are lived in by their owners. Winters are cold but not severe, with some snow, and summers are warm, with plenty of rain and melted snow through the year. Few residents work from home, and the daily trip to work is fairly short.
Work. Many residents work in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Across Henry County, the largest workplaces include Henry County Public Schools, Monogram Snacks Martinsville and United Felts. Jobs across the county have slipped over the past year, and unemployment is a little lower than it was a year ago.
Things to do. Reed Creek runs in or beside town, and Philpott Lake, a reservoir, is a short drive away. Also a short drive off are Martinsville Speedway, a race track, and the Virginia Museum of Natural History. For a longer day out, Fairy Stone State Park is a longer drive away.
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- 2,925households
- 25%of adults have a degree
- 16%below the poverty line
- 19 mintypical commute
- 4%work from home
What residents work in
Employed residents by industry, from the Census survey. Henry County had 15,384 jobs in 2025, 2.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 48° and lows near 24°; warmest in July, with highs near 88° and lows near 64°. About 9 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Martinsville Fltr Plt weather station, 3 miles away (NOAA).
Largest workplaces in Henry County
- Henry County Public SchoolsSchool district1,128FTE
- Monogram Snacks MartinsvilleSausages and other prepared meats796
- Henry County VirginiaGeneral services departments, government634
- United FeltsWet laid nonwoven fabrics manufacturing469
- Press GlassIndustrial glassware made from purchased glass407
- Eastman Performance FimsSheet, laminated plastics, manufacturing367
- Patrick & Henry Community CollegeTwo-year college331
- Live Comfortably, LLC - MartinisvillePillows, bed, made from purchased materials327
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 51 workplaces with 20 or more staff, 6,731 people in all across the county; Collinsville has one of its own. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Strong windrelatively high in parts of CollinsvilleRelatively moderate
- Ice stormsRelatively moderate
- LightningRelatively moderate
- Cold wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Collinsville’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Henry County and the Martinsville, VA metro.
Collinsville home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Collinsville$168,110
- Virginia$412,252
- United States$366,157
Sellers are cutting prices on about 1 in 6 Collinsville listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Collinsville16.06%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Collinsville22
New listings per month
Sellers arriving at the market.
- Collinsville7
Zip codes with a Collinsville address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Collinsville — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.