Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the South Roanoke area can be challenging. Home prices in South Roanoke are now at a median cost of $468,764, higher than the Roanoke average of $241,349.
The average cost of rent is $1,127/mo in South Roanoke, primarily driven by the current value of real estate in the South Roanoke area. In South Roanoke, 30.86% of households rent, and 33.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Roanoke is $8,969 per month. Households that rent pay about 12.56% of their income on rent here. South Roanoke’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Colonial Avenue Area, Roanoke, VA: equally priced homes
- Raleigh Court, Roanoke, VA: less expensive homes
- Belmont, Roanoke, VA: less expensive homes
- Melrose-Rugby, Roanoke, VA: less expensive homes
- Williamson Road, Roanoke, VA: less expensive homes
- Roundhill, Roanoke, VA: less expensive homes
- Preston Park, Roanoke, VA: less expensive homes
- Kabrich Crescent, Blacksburg, VA: equally priced homes
- Hethwood-Prices Fork, Blacksburg, VA: equally priced homes
- Bedford Hills, Lynchburg, VA: less expensive homes
Neighborhoods with Similar Populations
- 3rd Ward, Portsmouth, OH: less expensive homes
- Rancho Dominguez, Compton, CA: less expensive homes
- Stetson Hills, Colorado Springs, CO: equally priced homes
- Oakland Beach, Warwick, RI: less expensive homes
- North Park Forest, Houston, TX: less expensive homes
- Historic Montford, Asheville, NC: higher priced homes
- Heart of the City, Beaumont, TX: less expensive homes
- Fairview, Charlotte, NC: less expensive homes
- Emerald Lake-Miami, Lake Worth, FL: less expensive homes
- East Congress, Austin, TX: higher priced homes
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