Roanoke, Virginia.
Typical home $277,549 (+2.3% in a year), asking rent $1,368 (+3.4%). Roanoke, VA metro.
to buy the typical home at today's mortgage rate — +$839 (+136%) since Jan 2020.
- 1 year
- Up $6,168 +2%
- $271,382$277,549 since Sep 2025
- 5 years
- Up $69,829 +34%
- $207,720$277,549 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Roanoke$1,457
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Roanoke, VA rose 2.3% over the past year — faster than the nation's +1.2%.
Asking rents in Roanoke, VA rose 3.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Roanoke runs $583/mo more than renting one. The gap peaked at $631 in Jan 2025.
That is $1,951 a month against $1,368 rent: a $1,457 mortgage payment, plus $197 property tax and $297 insurance & upkeep.
Owning vs renting — Roanoke
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,951
- Renting$1,368
- Mortgage only$1,457
Property tax · $197/mo 0.85% of value a year — the ACS 2020-2024 median bill over the median home value for Roanoke County, VA
Insurance & upkeep · $297/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Roanoke, Roanoke County, Virginia
Roanoke is a city of 100,011 people in Roanoke County. Half its households earn more than $55,378 a year and half less, against $83,709 across Roanoke County; 18% of its people live below the poverty line. 52% of its homes are lived in by their owners and 48% are rented. Unemployment in Roanoke was 3.9% in August 2026, and Roanoke County had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Roanoke is a city that sits in a ring of Appalachian ridges. Incomes in the city run well below those across Roanoke County, and more people here live below the poverty line than is typical, while owners and renters live in the city's homes in close to equal numbers. Winters are cold but not severe, with some snow, and summers turn warm, with a fair amount of rain through the year.
Work. Much of the work in Roanoke is in schools, hospitals and social care, followed by shops, manufacturing, and professional and business services. Carilion Clinic, Roanoke City Public Schools and Advance Auto Parts are among the largest workplaces in the city. Commutes are fairly short, and unemployment is close to where it stood a year ago.
Things to do. In or beside town, the Taubman Museum of Art and the O. Winston Link Museum are both easy to reach, and the Mill Mountain Zoo is close by as well. Lakeside Amusement Park is a short drive away. For a longer outing, the Appalachian Trail is a longer drive away.
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- 43,575households
- 30%of adults have a degree
- 18%below the poverty line
- 19 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Roanoke County had 37,434 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 47° and lows near 29°; warmest in July, with highs near 88° and lows near 67°. About 15 inches of snow and 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Roanoke Regional Airport weather station, 3 miles away (NOAA).
Largest workplaces in Roanoke
- Carilion Clinic Co. 01General medical and surgical hospitals16,453
- Carilion ClinicCorporate offices3,352
- Roanoke City Public SchoolsSchool district2,420FTE
- Advance Auto PartsAutomotive parts1,921
- Asplundh Tree ExpertTree trimming services1,693
- UPSCouriers and express delivery services1,185
- Branch CivilConstruction management, highway, road, street and bridge1,075
- Virginia Western Community CollegeTwo-year college520
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 146 workplaces with 20 or more staff, 39,427 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- LightningRelatively high
- Inland floodingrelatively high in parts of RoanokeRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Roanoke’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Roanoke County and the Roanoke, VA metro.
Roanoke home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Roanoke$277,549
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Roanoke listings, and the typical home goes pending in 21 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Roanoke32.72%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Roanoke21
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Roanoke748
New listings per month
Sellers arriving at the market.
- Roanoke225
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Roanoke$273,166
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Roanoke98.58%
Zip codes with a Roanoke address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Roanoke — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Roanoke
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 24018 | Roanoke | 38,720 | $1,648 | $375,478 |
| 24019 | Roanoke | 28,585 | $1,537 | $308,239 |
| 24012 | Roanoke | 28,235 | $1,344 | $229,041 |
| 24017 | Roanoke | 23,678 | $1,417 | $185,382 |
| 24015 | Roanoke | 15,865 | $1,395 | $301,322 |
| 24014 | Roanoke | 15,300 | $1,260 | $294,071 |
| 24016 | Roanoke | 10,521 | $1,102 | $166,240 |
| 24013 | Roanoke | 8,026 | $1,294 | $147,524 |
| 24077 | Cloverdale | 943 | — | $268,128 |