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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 $192,280, higher than the West Virginia average of $177,366.
The average cost of rent is $704/mo in Roanoke, primarily driven by the current value of real estate in the Roanoke area. In Roanoke, 15.73% of households rent, and 62.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Roanoke is $5,324 per month. Households that rent pay about 13.22% of their income on rent here. Roanoke’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Walkersville, WV: equally priced homes
- Knawl, WV: equally priced homes
- Orlando, WV: less expensive homes
- Brownsville, WV: less expensive homes
- Vandalia, WV: equally priced homes
- Crawford, WV: equally priced homes
- McGuire Park, WV: equally priced homes
- Copley, WV: less expensive homes
- Weston, WV: less expensive homes
- Horner, WV: higher priced homes
Cities with Similar Populations
- Roscoe, MT: higher priced homes
- Ritner, KY: less expensive homes
- Riverside, IN: less expensive homes
- Riverview, AR: less expensive homes
- Robb, PA: less expensive homes
- Rock Camp, OH: less expensive homes
- Rockhill, OH: less expensive homes
- Rockville, SC: higher priced homes
- Rockwood, NY: less expensive homes
- Rocky Branch, TX: equally priced homes
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