The housing market in Roanoke, VA County is booming. The median value of houses in the county is $274,100, which is significantly lower than the national median value of $338,100. However, this lower cost of living is accompanied by a much higher rate of appreciation. In just one year, houses in Roanoke have appreciated by 15.01%, compared to the national average of 8.27%. This makes Roanoke an ideal place for anyone looking to invest in the real estate market.
The median home cost in Roanoke County is $274,100. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Roanoke County is up 16.8%.
Average Age of Homes
- The median age of Roanoke County real estate is 41 years old
The Rental Market in Roanoke County
- Renters make up 23.4% of the Roanoke County population
- 1.2% of houses and apartments in Roanoke County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.