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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 $294,747, higher than the Indiana average of $232,932.
The average cost of rent is $903/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. In Roanoke, 11.33% of households rent, and 28.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $8,478 per month. Households that rent pay about 10.64% of their income on rent here. Roanoke’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mahon, IN: equally priced homes
- Ellisville, IN: equally priced homes
- Zanesville, IN: equally priced homes
- Laud, IN: equally priced homes
- Yoder, IN: less expensive homes
- Goblesville, IN: equally priced homes
- Simpson, IN: less expensive homes
- Markle, IN: less expensive homes
- Huntington, IN: less expensive homes
- Nine Mile, IN: less expensive homes
Cities with Similar Populations
- New Boston, TX: less expensive homes
- Pipersville, PA: higher priced homes
- Pipe Creek, TX: higher priced homes
- Pine Brook, NJ: higher priced homes
- Pinconning, MI: less expensive homes
- Pilot Point, TX: higher priced homes
- Pikeville, TN: less expensive homes
- Phoenix, NY: less expensive homes
- Peterborough, NH: higher priced homes
- Northford, CT: higher priced homes
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