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Roanoke County Housing Market

Virginia · 133 counties · Ranked #2468 in home value

Below National Avg

Housing at a Glance

Median Home Value

$267,300

vs national$267,300 vs $281,900 national

Median Gross Rent

$1,148/mo

vs national$1,148 vs $1,163 national

Effective Tax Rate

0.88%

vs national0.88% vs 1.02% national

Median Household Income

$82,931

vs national+$82,931 vs $74,755 national

Affordability Ratio

3.2x

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

Rent Burden

26.0%

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

More Housing Data

Property Tax (Median)

$2,340

Tax as % of Home Value

0.88%

Monthly Owner Cost

$1,155

Renter Income

$52,463

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Frequently Asked Questions

What is the median home value in Roanoke County?

The median home value in Roanoke County is $267,300. This is below the national median of $281,900.

How much is rent in Roanoke County?

The median gross rent in Roanoke County is $1,148 per month.

What is the property tax rate in Roanoke County?

The effective property tax rate in Roanoke County is 0.88%. The median annual property tax bill is $2,340.

Is Roanoke County affordable?

With a home-value-to-income ratio of 3.2x, Roanoke County 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.