Roanoke, VA housing market

The latest available asking prices, rents, and inventory, with monthly and yearly trends. Figures describe DoorHunter’s sampled listings in this region, not every home in the city.

Market data as of October 11, 2026

Roanoke, VA: Roanoke, Virginia viewed from Mill Mountain Photo credits · CC BY-SA 2.0

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Find the areas that fit your investment approach. Hover to compare; select a ZIP to see its current figures and trends.

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Lower relative potentialHigherUnscored

Boundaries: 2020 Census ZIP Code Tabulation Areas, approximations of postal ZIPs. Statistics cover captured listings inside the configured market, which may include only part of a ZIP.

How investment potential is compared

The balanced score weights percentiles within the current listing sample: 50% higher estimated gross rental yield, 25% lower median asking price, and 25% shorter median days on market. Ties receive the same rank. Only ZIPs with at least 5 usable listings for every component are compared; at least two must qualify. This sample floor does not establish statistical confidence.

Listing age is a liquidity proxy, not completed-sale speed. Scores compare this market and date only; they do not measure future returns, neighborhood quality, appreciation, or risk. Individual metric colors use the same relative ranking, with higher yield, lower price, or shorter listing age receiving greener colors.

Gross yields use each for-sale property's modeled monthly rent × 12 ÷ asking price, before expenses or financing. Price and asking-rent medians come from separate listing cohorts.

Compare ZIP statistics

Sorted by balanced investment potential. Sample counts appear below each statistic.
ZIP codePotentialAsking priceMonthly rentEst. gross yieldListing age
100 / 100$214,950n = 107$1,398n = 269.49%n = 10437 daysn = 8
56 / 100$275,000n = 145$1,373n = 207.95%n = 104203 daysn = 18
44 / 100$352,450n = 126$2,000n = 157.48%n = 6665 daysn = 13
31 / 100$442,425n = 196$2,425n = 307.48%n = 119189 daysn = 14
19 / 100$377,990n = 193$1,949n = 307.12%n = 14567 daysn = 15
Unscored$190,159n = 5Unavailablen = 012.59%n = 3103 daysn = 5
Unscored$176,975n = 64$1,325n = 1610.45%n = 623 daysn = 1
Unscored$395,000n = 94$1,625n = 146.98%n = 62104 daysn = 4
Unscored$359,950n = 81$1,950n = 216.89%n = 7780 daysn = 2
Unscored$200,000n = 43$1,623n = 1710.58%n = 3871 daysn = 2
Unscored$637,475n = 4Unavailablen = 0Unavailablen = 0Unavailablen = 0
Unscored$399,950n = 11Unavailablen = 0Unavailablen = 0Unavailablen = 0

Showing the entire market in the current figures and trends.

The market at a glance

Explore market trends

Asking rent by bedroom count

Compare the monthly rent of different home sizes.

Studio / 1 bedroom
$998
2 bedrooms
$1,373
3 bedrooms
$1,787
4 bedrooms
$2,300
5+ bedrooms
$2,450
Medians from separate bedroom groups, not the same homes. Bedroom-level sample counts are not available.

Captured listing inventory

See the available sale and rental listing samples.

For sale
1,218
For rent
192
Counts cover captured active listings within the configured search area. They do not measure every available home in the city. Bars start at zero.

Current listing & rental details

Seven views of the region, with source coverage kept visible. Unavailable figures stay unavailable.

Purchase prices

Asking prices for active sale listings. The middle 50% range runs from the 25th to 75th percentile.

Median listing priceSample: 1,213 listings
$345,000
Middle 50% asking-price range
$239,950 to $449,950
Median price per square footSample: 1,213 listings
$177.95 / sq ft

Rental prices

Asking rents from a separate active rental cohort. Bedroom groups include only listings with a usable bedroom count.

Median monthly asking rentSample: 192 listings
$1,700
Middle 50% rent range
$1,399 to $2,219
Median monthly rent per square footSample: 178 listings
$1.28 / sq ft
Studio / 1 bedroom
$998
2 bedrooms
$1,373
3 bedrooms
$1,787
4 bedrooms
$2,300
5+ bedrooms
$2,450

Rental yields

Gross yield and cap rate use paired asking prices and modeled rents for sale listings. Cap rate deducts modeled operating expenses before financing and capital reserves.

Median estimated cap rateSample: 821 listings
4.81%
Median estimated gross rental yieldSample: 821 listings
7.88%
Monthly rent-to-price ratio
0.49%

Inventory

Counts reflect captured active listings within this region.

Active for-sale listings
1,218
Active rental listings
192

Listing age

Listing age among active for-sale listings with a usable days-on-market value. This is not time to a completed sale.

Median days on marketSample: 87 listings
103 days
Share listed more than 30 days
87.36%
Share listed more than 60 days
67.82%
Share listed more than 90 days
51.72%

Sales activity

Captured sales are a partial sample of transactions. Months of supply divides active sale listings by captured sales in the last 30 days; zero sales cannot establish supply.

Captured sales, last 30 days
0
Captured sales, last 90 days
428
Median sale price, last 90 daysSample: 428 listings
$332,600
Estimated months of supply
Unavailable
30-day absorption rate
0.00%

Underwriting scenarios

Medians of individual for-sale property scenarios using each listing’s own asking price and rent estimate. These are modeled results, not observed investment returns.

Median modeled monthly cash flowSample: 821 listings
-$553
Middle 50% cash-flow range
-$1,011 to -$262
Median modeled cash-on-cash return
-10.46%
Median debt-service coverage
0.72×
Median break-even occupancy
124.18%
Share with positive modeled cash flow
11.94%

Scenario assumptions: 20.00% down; 7.50% fixed interest for 30 years; 2.00% closing costs; 5.00% of scheduled rent for capital reserves. Management 10.00%, maintenance 5.00%, and vacancy 5.00% of scheduled rent; annual taxes and insurance 1.50% of asking price. No HOA, rehab, or appreciation is assumed. Break-even occupancy above 100% indicates the scenario cannot cover costs at the modeled rent.

Income, employment & housing

Economic data have not been published for this market yet.

How to read these numbers

Price and rent reflect distinct listing cohorts rather than paired properties. Modeled yields and cap rates apply standard operating expense baselines and exclude individual financing, income taxes, and future capital expenditures.

Compare published markets

Current published markets with the closest median asking prices, ordered by proportional price difference. This is a price comparison, not a ranking of investment quality:

  • Fairbanks, AK· $345,000 median listing price · $2,300 median monthly rent
  • Columbus, OH· $345,000 median listing price · $2,100 median monthly rent
  • Norfolk, VA· $344,900 median listing price · $2,375 median monthly rent
  • Houston, TX· $347,716 median listing price · $2,199 median monthly rent
  • Winston-Salem, NC· $341,900 median listing price · $1,800 median monthly rent

What these medians mean for a rental budget

The price and rent medians describe different listings. Combining them below is a hypothetical sensitivity exercise, not a representative property, observed return, or recommendation.

Using the latest available listing figures, with source data as of October 11, 2026.

At a $345,000 purchase and $1,700 monthly rent, assume 25% down, a 7.5% fixed mortgage for 30 years, 5% vacancy, operating costs equal to 30% of scheduled rent, and a separate 5% capital reserve. These expense and financing assumptions are illustrative, not measured local costs.

Rent collected after vacancy
$1,615
Operating costs
$510
Capital reserve
$85
Monthly principal and interest
$1,809
Illustrative monthly cash flow
-$789

Replace the teaching assumptions with actual taxes, insurance, HOA fees, maintenance, vacancy, and loan terms in the rental property cash flow calculator. This example excludes income taxes, appreciation, and acquisition costs.

Read the complete data methodology · Understand cap rate and cash-on-cash return

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