Home Price Key
Affordable
Average
Expensive
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 $324,257, higher than the Roanoke average of $195,414.
The average cost of rent is $750/mo in Colonial Avenue Area, primarily driven by the current value of real estate in the Colonial Avenue Area area. While nearly 59.66% of residents own their homes outright in Colonial Avenue Area, 62.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colonial Avenue Area is $3,366 per month. Households that rent pay about 22.27% of their income on rent here. Colonial Avenue Area's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the neighborhood.
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: less expensive homes
- Downtown Wyandotte, Wyandotte, MI: less expensive homes
All Local Stats
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