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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 $520,579, higher than the Texas average of $322,096.
The average cost of rent is $1,894/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. In Roanoke, 32.92% of households rent, and 25.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $13,207 per month. Households that rent pay about 14.34% of their income on rent here. Roanoke’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Westlake, TX: higher priced homes
- Trophy Club, TX: higher priced homes
- Keller, TX: less expensive homes
- Northlake, TX: equally priced homes
- Southlake, TX: higher priced homes
- Justin, TX: less expensive homes
- Haslet, TX: less expensive homes
- Watauga, TX: less expensive homes
- Bartonville, TX: higher priced homes
- Colleyville, TX: higher priced homes
Cities with Similar Populations
- Watertown, WI: less expensive homes
- Candler, NC: less expensive homes
- Carteret, NJ: less expensive homes
- Chanhassen, MN: equally priced homes
- Chapin, SC: less expensive homes
- Chelmsford, MA: higher priced homes
- Chevy Chase, MD: higher priced homes
- Citrus Park, FL: less expensive homes
- Clarksburg, MD: higher priced homes
- Clarkston, GA: less expensive homes
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