The story of this market
The typical home in Roanoke (city), Virginia sells for about $249,760, or $137 per square foot.
Prices are down 1.1% from a year ago, which gives buyers more room to negotiate. Homes take about 19 days to sell, which is fast. Over the long run, values in this county have grown 163% since 2000. Last year 15 of 19 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is strong wind, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,464 a month.
HUD sets the fair market rent for a 2-bedroom at $1,464 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+4.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+16.6%). Worst: 2011 (-5.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,022
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+4.8%
2025 change
FHFA repeat-sales index, median of 19 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
40
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $24,529,866.
Roanoke (city), Virginia
Roanoke's residential real estate market remains remarkably balanced and resilient, characterized by rapid inventory turnover with a median days on market of 19 days and sale-to-list ratios holding around 98%. While headline prices experienced modest flat-to-slight negative annual movement (-1.1%), affordability and steady institutional employment continue to sustain solid buyer absorption across entry- and mid-tier neighborhoods.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 9 ZIP reports
Median prices moved up 0.1% year over year.
Homes spend a median of 17 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 6.59% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 18.5% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 9 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Roanoke (city), Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Sep 16
researched Sep 16
researched Sep 17
researched Sep 20
researched Sep 20
researched Sep 20
researched Sep 16
researched Sep 16
| 24011 | Roanoke | $839,300 | $4,937 | 0% | 39 | 96.3% | — | 3 | 6 | $1,117 | researched Sep 16 |
| 24012 | Roanoke | $249,625 | $137 | -0.5% | 18 | 99% | — | — | 698 | $1,049 | researched Sep 16 |
| 24013 | Roanoke | $175,000 | $135 | +3.2% | 22 | 99% | 25% | 4.9 | 59 | $1,082 | researched Sep 16 |
| 24014 | Roanoke | $285,856 | $176 | +12.3% | 29 | 100% | — | 1 | 52 | $1,048 | researched Sep 17 |
| 24015 | Roanoke | $319,000 | $174 | +1% | 16 | — | — | — | 82 | $898 | researched Sep 20 |
| 24016 | Roanoke | $250,000 | $137 | -0.5% | 18 | 96.3% | 15% | 3 | 60 | $966 | researched Sep 20 |
| 24017 | Roanoke | $249,625 | $137 | -0.5% | 18 | — | — | — | 100 | $979 | researched Sep 20 |
| 24018 | Cave Spring (CDP) | $485,000 | $195 | +2.1% | 29 | 99.2% | 18% | 1.3 | 145 | $1,285 | researched Sep 16 |
| 24019 | — | $249,625 | $137 | -0.5% | 18 | 98.2% | — | 1.6 | 622 | $1,303 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Roanoke City experiences property and violent crime rates that track moderately higher than Virginia statewide averages, reflecting its role as the dense urban core of the broader Roanoke Valley region.
Public education is administered by Roanoke City Public Schools, which exhibits a broad range of school ratings, with specialized magnet options and Patrick Henry High School performing above regional averages.
The primary natural hazard concern stems from riverine and localized flash flooding along the Roanoke River and its tributaries, while wildfire and severe wind hazards remain relatively low.
Economic growth is anchored by healthcare, biotechnology, and educational institutions, led by the expansion of the Carilion Clinic health system and the Virginia Tech Carilion School of Medicine and Research Institute.
As an independent city functioning as a county equivalent in Virginia, Roanoke levies a nominal real estate property tax rate of $1.22 per $100 of assessed value based on annual fair-market value assessments, offering standard relief for qualifying seniors, disabled persons, and veterans.
Roanoke offers abundant recreational options highlighted by the Roanoke River Greenway, Mill Mountain Park and Star, access to the Blue Ridge Parkway, and a vibrant downtown featuring the Historic City Market.
The rental market remains active with an estimated median rent near $1,300 per month, supported by steady demand from healthcare workers, biomedical students, and young professionals in downtown and central corridors.
Roanoke functions as the western Virginia center for healthcare, life sciences, regional freight transport, and professional services, insulated by institutional employers like Carilion Clinic and regional educational affiliates.
Transportation centers on Interstate 581 connecting directly to Interstate 81, complemented by the Valley Metro bus network and Amtrak regional passenger rail service terminating downtown.
City planning initiatives focus on infill redevelopment, encouraging missing-middle housing typologies, and brownfield reuse across legacy commercial and transit corridors.
The City of Roanoke Real Estate Valuation Department conducts annual fair-market value assessments on all taxable real estate parcels under Chapter 32 of the Roanoke City Code and Virginia Code Title 58.1.
Parcel assessments reflect municipal services without overlapping independent county levies, though properties benefit from regional partnerships including the Western Virginia Water Authority and Roanoke Valley Alleghany Regional Commission.
Property insurance is generally stable and in line with Virginia averages, though properties sited within mapped 100-year floodplains along the Roanoke River basin encounter mandatory flood insurance requirements.
- Splash Valley4.45.3 mi
- Launching Pad Trampoline Park & Family Fun Center4.34.7 mi
- Sky Zone Trampoline Park4.13.2 mi
- Green Ridge Recreation Center4.45.4 mi
- Chuck E. Cheese4.23.8 mi
- Lane Stadium4.826.3 mi
- Salem Civic Center4.25.3 mi
- Berglund Center40.8 mi
- Golden Corral Buffet & Grill4.43.5 mi
- Cassell Coliseum4.726.3 mi
- Mill Mountain Star4.81.6 mi
- Explore Park4.75.6 mi
- Dixie Caverns4.512.7 mi
- McAfee Knob Trailhead4.911 mi
- Mill Mountain Zoo4.21.7 mi
- National D-Day Memorial4.922.8 mi
- Virginia Museum of Transportation4.70.1 mi
- Black Dog Salvage - Main Showroom4.71.2 mi
- Taubman Museum of Art4.70.4 mi
- Booker T. Washington National Monument4.715.7 mi
- Explore Park4.75.6 mi
- McAfee Knob Trailhead4.911 mi
- Green Hill Park4.79.2 mi
- Dragon's Tooth Trailhead4.913.8 mi
- Elmwood Park4.60.4 mi
- Drifter's4.319.1 mi
- Mitchell's Point Marina4.725.6 mi
- Magnum Point Marina & Restaurant4.521.2 mi
- Gills Creek Marina & Lodge4.721.1 mi
- Goodhue Boat Company, Blackwater4.521.6 mi
- Ballyhack Golf Club4.83.9 mi
- Blue Hills Golf Club4.23.8 mi
- Hidden Valley Country Club4.55.8 mi
- Ashley Plantation Country Club4.411.7 mi
- Hunting Hills Country Club4.34.2 mi
- Valley View Mall4.22.5 mi
- Tanglewood Mall3.83.4 mi
- T.J. Maxx & HomeGoods4.33.5 mi
- The Fresh Market4.41.3 mi
- Ross Dress for Less4.23.3 mi
- Roanoke-Blacksburg Airport4.23.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A 568-acre regional park featuring the world's largest freestanding illuminated man-made star, Mill Mountain Zoo, scenic overlooks of the valley, and miles of multi-use hiking and biking trails.
A core paved trail network running through the heart of the city along the Roanoke River, connecting diverse neighborhoods, parks, and regional employment hubs for cycling and walking.
A historic downtown hub operating continuously since 1882 alongside Center in the Square, housing museums, science centers, community playhouses, and local retail and dining.
Data gathered from U.S. Census Bureau 5-year ACS profiles for Roanoke City (independent city), Virginia.