Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Colonial Avenue Area area can be challenging. Home prices in Colonial Avenue Area are now at a median cost of $433,333, higher than the Roanoke average of $241,349.
The average cost of rent is $865/mo in Colonial Avenue Area, primarily driven by the current value of real estate in the Colonial Avenue Area area. In Colonial Avenue Area, 44.74% of households rent, and 52.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colonial Avenue Area is $4,819 per month. Households that rent pay about 17.95% of their income on rent here. Colonial Avenue Area’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Roanoke, Roanoke, VA: equally priced homes
- Raleigh Court, Roanoke, VA: less expensive homes
- Belmont, Roanoke, VA: less expensive homes
- Melrose-Rugby, Roanoke, VA: less expensive homes
- Williamson Road, Roanoke, VA: less expensive homes
- Roundhill, Roanoke, VA: less expensive homes
- Preston Park, Roanoke, VA: less expensive homes
- Kabrich Crescent, Blacksburg, VA: equally priced homes
- Hethwood-Prices Fork, Blacksburg, VA: equally priced homes
- Bedford Hills, Lynchburg, VA: less expensive homes
Neighborhoods with Similar Populations
- Downtown Chattanooga, Chattanooga, TN: higher priced homes
- Downtown, Superior, WI: less expensive homes
- Shingle Creek, Minneapolis, MN: less expensive homes
- Johnson's Woods, Milwaukee, WI: less expensive homes
- Shirrells, San Bernardino, CA: less expensive homes
- South Coast, Santa Ana, CA: higher priced homes
- South End, Little Rock, AR: less expensive homes
- South Hill, Bellingham, WA: higher priced homes
- Downtown Columbus, Columbus, GA: equally priced homes
- Downtown Wyandotte, Wyandotte, MI: less expensive homes
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