The story of this market
The typical home in ZIP 24016 sells for about $250,000, or $137 per square foot.
Prices are roughly flat from a year ago (-0.55%), a market in balance. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $966 a month.
ZIP 24016 — Roanoke
The 24016 ZIP code reflects the broader Roanoke market, which is currently experiencing a competitive environment with a median sale price of $250,000. Market velocity remains steady with homes selling in approximately 18 days, supported by a tight supply of 3 months. Pricing has seen a slight year-over-year decline of 0.55%, indicating a balanced market for buyers and sellers.
Median prices moved down 0.6% year over year.
Homes spend a median of 18 days on market with 3.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96.27% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 22.5% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24016, Roanoke City, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from census.gov ZCTA 24016 profiles.
- Splash Valley4.45 mi
- Launching Pad Trampoline Park & Family Fun Center4.34.1 mi
- Sky Zone Trampoline Park4.13 mi
- Green Ridge Recreation Center4.45 mi
- Chuck E. Cheese4.23.6 mi
- Salem Civic Center4.24.7 mi
- Berglund Center41.2 mi
- Golden Corral Buffet & Grill4.43.2 mi
- Taubman Museum of Art4.71 mi
- Kirk Family YMCA4.70.3 mi
- Mill Mountain Star4.82 mi
- Explore Park4.76.2 mi
- Dixie Caverns4.512.2 mi
- McAfee Knob Trailhead4.910.5 mi
- Mill Mountain Zoo4.22 mi
- Virginia Museum of Transportation4.70.5 mi
- Black Dog Salvage - Main Showroom4.70.7 mi
- Taubman Museum of Art4.71 mi
- Booker T. Washington National Monument4.716.2 mi
- Roanoke Pinball Museum4.80.9 mi
- Explore Park4.76.2 mi
- McAfee Knob Trailhead4.910.5 mi
- Green Hill Park4.78.6 mi
- Elmwood Park4.61 mi
- Wasena Park4.50.5 mi
- Drifter's4.319.7 mi
- Goodhue Boat Company, Eastlake4.519.7 mi
- Ballyhack Golf Club4.84.4 mi
- Blue Hills Golf Club4.24.1 mi
- Hidden Valley Country Club4.55.2 mi
- Ashley Plantation Country Club4.411.8 mi
- Hunting Hills Country Club4.34.1 mi
- Valley View Mall4.22.3 mi
- Tanglewood Mall3.83.2 mi
- T.J. Maxx & HomeGoods4.33.3 mi
- The Fresh Market4.41.2 mi
- Ross Dress for Less4.23.1 mi
- Roanoke-Blacksburg Airport4.23.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.