The housing market in Roanoke, IN is strong. The median value of a home is $294,400 which is significantly lower than the US median of $338,100. However, the 1 year house appreciation rate in Roanoke, IN is 9.06%, slightly higher than the US rate of 8.27%. This indicates that despite being lower than average, the housing market in Roanoke remains resilient and shows potential for continued growth in the near future.
The median home cost in Roanoke is $294,400. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Roanoke is up 15.6%.
Average Age of Homes
- The median age of Roanoke real estate is 32 years old
The Rental Market in Roanoke
- Renters make up 17.4% of the Roanoke population
- 0.9% 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.