The housing market in Roanoke, VA is vibrant and growing. The median value of homes in the area is currently $225,600, which is much lower than the national median value of $338,100. In addition, over the past year the appreciation rate for homes in Roanoke has been 11.69%, significantly higher than the national average of 8.27%. This indicates that the housing market in Roanoke is thriving and remains a great opportunity for potential buyers or investors.
The median home cost in Roanoke is $225,600. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Roanoke is up 17.1%.
Average Age of Homes
- The median age of Roanoke real estate is 60 years old
The Rental Market in Roanoke
- Renters make up 40.9% of the Roanoke population
- 4.7% 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.