Home Price Key
Affordable
Average
Expensive
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 $195,414, lower than the Virginia average of $323,261.
The average cost of rent is $898/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. While nearly 39.35% of residents own their homes outright in Roanoke, 40.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $4,948 per month. Households that rent pay about 18.15% of their income on rent here. Roanoke's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hollins, VA: equally priced homes
- Cave Spring, VA: higher priced homes
- Vinton, VA: equally priced homes
- Salem, VA: higher priced homes
- Cloverdale, VA: higher priced homes
- Laymantown, VA: higher priced homes
- Mason Cove, VA: higher priced homes
- Wabun, VA: higher priced homes
- Glenvar, VA: higher priced homes
- Blue Ridge, VA: higher priced homes
Cities with Similar Populations
- Layton, UT: higher priced homes
- Las Cruces, NM: equally priced homes
- Laveen, AZ: higher priced homes
- Largo, FL: less expensive homes
- Lehigh Acres, FL: equally priced homes
- Lexington, KY: higher priced homes
- Lees Summit, MO: higher priced homes
- Leander, TX: higher priced homes
- Lansing, MI: less expensive homes
- High Point, NC: less expensive homes
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