Roanoke, VA housing market
The typical Roanoke home is worth about $279,000, up 2.6% in a year, 33% below the Virginia typical home. Homes typically sell in 21 days, below asking.
Home values, sales, trends and how Roanoke compares with the towns next door — updated as new data is published.
Roanoke at a glance
A seller's market
Supply is tight — about 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Roanoke | Virginia |
|---|---|---|
| 2017 | $149,000 | $253,000 |
| 2018 | $154,000 | $263,000 |
| 2019 | $159,000 | $271,000 |
| 2020 | $171,000 | $284,000 |
| 2021 | $193,000 | $311,000 |
| 2022 | $213,000 | $345,000 |
| 2023 | $240,000 | $367,000 |
| 2024 | $256,000 | $386,000 |
| 2025 | $269,000 | $405,000 |
| 2026 | $278,000 | $411,000 |
| August 2026 | $279,000 | $415,000 |
410 new homes permitted in 2025
Builders were permitted 410 new homes in Roanoke in 2025: 88 single-family houses and 322 in buildings with two or more homes, worth about $60 million to build. That's 4.2 per 1,000 residents, about the pace of Virginia as a whole. Over the past 10 years, Roanoke has permitted 2,437 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Roanoke gained 2,979 residents while 1,322 new homes were permitted: about 2.3 new residents per new home. Building and growth moved roughly in step. Across Virginia: 2.2 new residents per new home.
How Roanoke ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 255 | 57 | 198 | $36.2 million |
| 2025 | 410 | 88 | 322 | $60 million |
| 2024 | 113 | 101 | 12 | $25.2 million |
| 2023 | 107 | 95 | 12 | $21 million |
| 2022 | 377 | 62 | 315 | $51.8 million |
| 2021 | 393 | 57 | 336 | $55.1 million |
| 2020 | 317 | 50 | 267 | $44.9 million |
| 2019 | 278 | 40 | 238 | $38.9 million |
| 2018 | 115 | 32 | 83 | $13.7 million |
| 2017 | 174 | 18 | 156 | $24.2 million |
| 2016 | 153 | 15 | 138 | $21.3 million |
| 2015 | 155 | 14 | 141 | $21.5 million |
| 2014 | 49 | 35 | 14 | $5.9 million |
| 2013 | 226 | 65 | 161 | $23.9 million |
| 2012 | 43 | 39 | 4 | $7.3 million |
| 2011 | 52 | 46 | 6 | $7.9 million |
| 2010 | 77 | 47 | 30 | $14.2 million |
| 2009 | 82 | 80 | 2 | $10.8 million |
| 2008 | 140 | 140 | 0 | $19 million |
| 2007 | 89 | 89 | 0 | $12.2 million |
| 2006 | 105 | 80 | 25 | $16.8 million |
| 2005 | 191 | 151 | 40 | $17.7 million |
| 2004 | 234 | 198 | 36 | $18.1 million |
| 2003 | 247 | 219 | 28 | $20.8 million |
| 2002 | 346 | 273 | 73 | $25.7 million |
| 2001 | 318 | 238 | 80 | $23.8 million |
| 2000 | 310 | 168 | 142 | $21 million |
How Roanoke ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Roanoke and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Roanoke | $279K | +2.6% | $1,230 | 410 | $55,378 |
| Cave Spring | — | +4.1%† | $1,460 | — | $87,539 |
| Salem | $310K | +4.1% | $1,400 | 17 | $66,725 |
| Vinton | $288K | +4.3% | $1,140 | — | $65,445 |
| Hollins | — | +3.6%† | $1,470 | — | $77,456 |
† FHFA price index change, where Zillow has no home value for the town.
5 years of income
The typical Roanoke home costs about 5 years of the town's median household income, more than across Virginia (4.5 years).
How Roanoke ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,230
HUD's Fair Market Rent for a two-bedroom in Roanoke is $1,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Roanoke pay a median of $996, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $980 · 4 bedrooms $2,070
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24012, 24013, 24014, 24015, 24016, 24017 and 2 more; Roanoke, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Roanoke
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.