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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 $104,754, lower than the Louisiana average of $235,139.
The average cost of rent is $635/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. In Roanoke, 16.61% of households rent, and 69.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $4,834 per month. Households that rent pay about 13.13% of their income on rent here. Roanoke’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Welsh, LA: higher priced homes
- Jennings, LA: higher priced homes
- Millerville, LA: higher priced homes
- Lacassine, LA: higher priced homes
- Evangeline, LA: higher priced homes
- Silverwood, LA: higher priced homes
- Hayes, LA: higher priced homes
- Woodlawn, LA: higher priced homes
- Mermentau, LA: equally priced homes
- Fenton, LA: higher priced homes
Cities with Similar Populations
- Soper, OK: higher priced homes
- Lakeside, AZ: higher priced homes
- Lakota, ND: higher priced homes
- Lewis, NC: higher priced homes
- Lytle Creek, CA: higher priced homes
- Shawmut, ME: higher priced homes
- Silverton, TX: less expensive homes
- Skyline, AL: higher priced homes
- Slighs, SC: higher priced homes
- Smallwood, SC: higher priced homes
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