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Roanoke city Housing Market

Virginia · 133 counties · Ranked #1666 in home value

Below National Avg

Housing at a Glance

Median Home Value

$180,500

vs national$180,500 vs $281,900 national

Median Gross Rent

$964/mo

vs national$964 vs $1,163 national

Effective Tax Rate

1.01%

vs national1.01% vs 1.02% national

Median Household Income

$52,671

vs national$52,671 vs $74,755 national

Affordability Ratio

3.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,828

Tax as % of Home Value

1.01%

Monthly Owner Cost

$1,003

Renter Income

$37,489

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Frequently Asked Questions

What is the median home value in Roanoke city?

The median home value in Roanoke city is $180,500. This is below the national median of $281,900.

How much is rent in Roanoke city?

The median gross rent in Roanoke city is $964 per month.

What is the property tax rate in Roanoke city?

The effective property tax rate in Roanoke city is 1.01%. The median annual property tax bill is $1,828.

Is Roanoke city affordable?

With a home-value-to-income ratio of 3.4x, Roanoke city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.