Zip 24012 (Roanoke, VA) Housing

The housing market in Roanoke, VA 24012 is doing quite well. The median value of homes in the area is $194,400 compared to the US median of $338,100. Furthermore, the one year appreciation rate for homes in Roanoke is 11.69%, which is higher than the US average of 8.27%. These statistics indicate that home values are increasing at a rapid rate and investing in property in this location makes for a wise decision.

The median home cost in Roanoke (zip 24012) is $194,400. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Roanoke (zip 24012) is up 17.1%.

Average Age of Homes

- The median age of Roanoke (zip 24012) real estate is 53 years old

The Rental Market in Roanoke (zip 24012)

- Renters make up 37.3% of the Roanoke (zip 24012) population
- 4.2% of houses and apartments in Roanoke (zip 24012), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Roanoke, Virginia	United States
	13,688.0	139,647,020.0
	55	42
	$194,400	$338,100
	17.1%	16.6%
	52.1%	57.0%
	66.2%	101.1%
	$10.92	$10.98
	$1,530	$2,690
	52.2%	57.4%
	9.2%	11.2%
	38.6%	31.4%
Vacant Housing
	4.2%	1.9%
	0.1%	0.4%
	0.6%	0.7%
	0.8%	0.4%
	0.3%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	0.4%	2.4%
	1.2%	2.8%
	4.0%	3.9%
	10.7%	4.5%
	38.3%	11.3%
	17.4%	13.0%
	12.6%	20.1%
	8.7%	13.6%
	2.1%	8.3%
	0.5%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.0%	13.6%
	8.0%	13.6%
	11.3%	13.6%
	7.7%	13.2%
	13.1%	14.8%
	11.3%	13.6%
	18.1%	10.0%
	12.5%	4.7%
	10.1%	12.2%

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