Roanoke City, VA home prices

Roanoke City, VA: the typical home is worth $223,225 as of 2026-05, up +1.2% over the past year and n/a since 2000. Listings run about $176/sq ft. Rent…

Data as of May 2026 · by the Real Estate Price Map data team · methodology & sources

1975: $38,141 → 2026: $223,225 (5.9×) pre-2000 estimated via FHFA index

Market read

At $223,225, homes in Roanoke City sit 28% below the Virginia median ($309,032) and 5% below the US median ($233,954). That ranks #98 of 133 Virginia counties by price.

Prices are holding steady (+1.2% in the last year) — a balanced market.

Homes here take a while to sell — a median 61 days on the market, with 22% of listings cutting their asking price.

At 4.3× local income, that's pricier than the typical US county (~3.8×).

Prices here sit roughly in line with what local incomes and rents imply at the typical US multiple.

Buying looks cheaper than renting — ~$1,102/mo to buy (P&I, 20% down) vs $1,287/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

Nearby counties

Salem City, VA ($294,756) · Roanoke County, VA ($340,883) · Craig County, VA ($238,457) · Franklin County, VA ($360,311) · Botetourt County, VA ($316,909) · Bedford County, VA ($354,746)