Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$335,201+3.2% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 29% have cut their price
Income needed to buy, per year$72,664About 0.8× the local median income ($85,809): affordable for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Roanoke County, VA is worth $335,201, up 3.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $293,028, so the area is 14.4% overvalued. It is a buyer's market: homes take about 57 days to sell, listings are up 47% from a year ago, 29% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $72,664 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $85,809. Typical rent is $1,586 a month, or $1,953 for a house. In the latest IRS figures, 167 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$335,201
Change in 1 year
+3.2%
Overvalued %
+14.4%
Show 7 more
Fair home value
$293,028
Change in 5 years
+31.8%
Zillow forecast, next 12 months
+2.8%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,817
Income needed to afford it
$72,664
Property tax rate
0.85%
Rent and investing
Typical rent
$1,586
Typical rent for houses
$1,953
Price-to-rent ratio
17.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,464
Gross rental yield
5.68%
Cap rate (estimate)
3.69%
Market activity
Listings vs a year ago
+46.6%
Days on market
57
Listings with a price cut
29.4%
Show 3 more
Homes for sale
437
Pending sales per 100 listings
35
Asking price per sq ft
$184
People and jobs
Median household income
$85,809
Population change (1 year)
−0.2%
Unemployment rate
2.8%
Show 4 more
Population
97,150
Income adjusted for cost of living
$91,676
Net moves in (IRS)
+167
Cost of living (US = 100)
93.6
Schools, risk and environment
School rating (1 to 10)
7.8
FEMA hazard risk score (0 to 100)
52.2
Unhealthy air days a year
0
Show 4 more
Flood risk score
69.2
Wildfire risk score
32.3
Walkability (1 to 20)
7.2
Road, rail and air noise
52 dB
Questions people ask
Is Roanoke County, VA overvalued?
Home prices in Roanoke County, VA are well above what local incomes have historically supported: fair value is about $293,028, so the area is 14.4% overvalued.
Is Roanoke County, VA a buyer's or seller's market?
Roanoke County, VA is a buyer's market: homes take about 57 days to sell, listings are up 47% from a year ago, 29% of listings have had a price cut.
Are home prices going down in Roanoke County, VA?
Home values in Roanoke County, VA are up 3.2% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Roanoke County, VA?
A household needs about $72,664 a year to afford the typical home in Roanoke County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $85,809.