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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 $164,457, lower than the Missouri average of $246,641.
The average cost of rent is $840/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. In Roanoke, 6.96% of households rent, and 44.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $5,436 per month. Households that rent pay about 15.46% of their income on rent here. Roanoke’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Armstrong, MO: equally priced homes
- Yates, MO: equally priced homes
- Forest Green, MO: higher priced homes
- Steinmetz, MO: higher priced homes
- Clifton Hill, MO: higher priced homes
- Salisbury, MO: less expensive homes
- Fort Henry, MO: higher priced homes
- Higbee, MO: less expensive homes
- Glasgow, MO: equally priced homes
- Huntsville, MO: less expensive homes
Cities with Similar Populations
- Routon, LA: less expensive homes
- Millston, WI: higher priced homes
- Monte Aplanado, NM: less expensive homes
- Morgan Springs, TN: higher priced homes
- Rohrs, NE: higher priced homes
- Roosevelt, WA: higher priced homes
- Rosalie, AL: less expensive homes
- Rosedale, IL: higher priced homes
- Rosiere, WI: higher priced homes
- Ross, IA: higher priced homes
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