The housing market in Roanoke, AL is quite strong compared to the US as a whole. The median value of housing in Roanoke is $116,000 while the US median value stands at $338,100. In the past year, the appreciation rate for houses in Roanoke has been 12.26%, which is higher than the 8.27% appreciation rate for houses in the US as a whole. This indicates that there is strong demand for housing in Roanoke and that real estate investments have seen positive returns over the last year.
The median home cost in Roanoke is $116,000. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Roanoke is up 17.7%.
Average Age of Homes
- The median age of Roanoke real estate is 46 years old
The Rental Market in Roanoke
- Renters make up 39.3% of the Roanoke population
- 5.5% of houses and apartments in Roanoke, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.