Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Roanoke area can be challenging. Home prices in Roanoke are now at a median cost of $99,482, lower than the Alabama average of $185,232.
The average cost of rent is $598/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. While nearly 57.91% of residents own their homes outright in Roanoke, 24.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $3,356 per month. Households that rent pay about 17.82% of their income on rent here. Roanoke's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Moores Crossroads, AL: less expensive homes
- Taylors Crossroads, AL: higher priced homes
- Rock Mills, AL: less expensive homes
- Bacon Level, AL: less expensive homes
- Peavy, AL: less expensive homes
- Pooles Crossroad, AL: less expensive homes
- Stroud, AL: equally priced homes
- Wehadkee, AL: less expensive homes
- Cornhouse, AL: higher priced homes
- Standing Rock, AL: equally priced homes
Cities with Similar Populations
- Putnam, CT: higher priced homes
- Mulvane, KS: higher priced homes
- Muncy, PA: higher priced homes
- Murphy, MO: higher priced homes
- Nevada, IA: higher priced homes
- New Castle, CO: higher priced homes
- New Freedom, PA: higher priced homes
- Pleasant Hills, PA: higher priced homes
- Presque Isle, ME: higher priced homes
- Prestonsburg, KY: higher priced homes
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