Zip 24016 (Roanoke, VA) Housing

The median value of housing in 24016 Roanoke, VA is $132,800, which is lower than the US median home value of $338,100. Despite this lower median value, Roanoke has experienced a higher rate of appreciation over the last year at 11.69%, compared to 8.27% for the United States as a whole. This higher rate of appreciation indicates that housing in Roanoke may be an attractive option for buyers looking for potential long-term gains on their investments.

The median home cost in Roanoke (zip 24016) is $132,800. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Roanoke (zip 24016) is up 17.1%.

Average Age of Homes

- The median age of Roanoke (zip 24016) real estate is 77 years old

The Rental Market in Roanoke (zip 24016)

- Renters make up 58.9% of the Roanoke (zip 24016) population
- 6.4% of houses and apartments in Roanoke (zip 24016), 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
	5,498.0	139,647,020.0
	62	42
	$132,800	$338,100
	17.1%	16.6%
	52.1%	57.0%
	66.2%	101.1%
	$9.62	$10.98
	$1,100	$2,690
	17.8%	57.4%
	17.1%	11.2%
	65.0%	31.4%
Vacant Housing
	6.4%	1.9%
	0.3%	0.4%
	0.0%	0.7%
	0.2%	0.4%
	2.4%	3.6%
	7.8%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	3.6%	2.4%
	8.7%	2.8%
	19.2%	3.9%
	5.7%	4.5%
	21.8%	11.3%
	14.5%	13.0%
	11.2%	20.1%
	5.1%	13.6%
	1.7%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	3.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.7%	13.6%
	4.7%	13.6%
	7.1%	13.6%
	4.3%	13.2%
	4.0%	14.8%
	7.1%	13.6%
	6.9%	10.0%
	5.6%	4.7%
	54.5%	12.2%

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