The Most Affordable Neighborhoods in Roanoke, MO by Home Value

 

Roanoke, MO Map of Most Affordable Neighborhoods
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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 $167,790, lower than the Missouri average of $194,908.

The average cost of rent is $659/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. While nearly 36.22% of residents own their homes outright in Roanoke, 7.28% rent.

Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $5,414 per month. Households that rent pay about 12.16% of their income on rent here. Roanoke's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.


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