Roanoke
Virginia · Ranked #149 of 373 metros
81Affordable
💡
Housing in Roanoke costs 3.94× the median income, below the national average of 4.5×. The median home price is $258K and median rent is $1,087/month. Roanoke ranks #149 of 373 metros for affordability.
Median Home Price
🏠$258K
Need $76K income
Median Rent
🔑$1,087
Need $43K income
Building Permits
🔨1,053
annual
Median Income
💰$66K
Pop: 339,286
Rent Burden
⚠️17.0%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Roanoke | National |
|---|---|---|
| Price-to-Income Ratio | 3.94x | 6.1x |
| Rent Burden | 17.0% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +72.3%Since 2000: +182.1%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,004/mo
1 Bedroom$1,053/mo
2 Bedroom$1,254/mo
3 Bedroom$1,743/mo
4 Bedroom$2,104/mo
Zillow Market Data
Home Value (ZHVI)
$289K
1yr: +3.1%5yr: +39.7%
Rent (ZORI)
$1,370/mo
1yr: +4.2%5yr: +48.8%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$312K
Active Inventory
702
Days on Market
53
Sold Above List
16.1%
Price Drops
31.9%