Roanoke - VA housing market

The typical home value ($303,569) is the Zillow Home Value Index for the Roanoke - VA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.7% over the past year. In Roanoke - VA, that means a home worth $292,738 last year is now worth roughly $303,569.

The median sale price, what homes actually close for, is $299,361. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Roanoke - VA sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.

About 31.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 441 new listings hit the market each month in Roanoke - VA. There are currently 1,369 homes for sale, up 14.3% from a year ago.

The typical monthly rent in Roanoke - VA is $1,424, up 3.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.8x, toss-up (#83 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,561 a month in principal and interest, $137 more than renting before taxes, insurance and upkeep. The two break even at a 5.79% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →