Explore Roanoke
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Why Live in Roanoke
Nestled in Virginia's Blue Ridge Mountains, Roanoke combines outdoor recreation with cultural attractions. The iconic Mill Mountain Star, standing 88.5 feet tall, overlooks the city and provides panoramic valley views. Residents enjoy hiking the Appalachian Trail, biking the Roanoke Valley Greenways, and exploring the Blue Ridge Parkway. The downtown area features the Taubman Museum of Art, Center in the Square with its science and history museums, and the bustling City Market. Local dining highlights include Lucky's seasonal menu, the rooftop views at Six and Sky Grille, and the historic Regency Room at Hotel Roanoke.
The housing market includes diverse options across distinct neighborhoods. South Roanoke commands the highest median single-family home prices at $570,000, while Wasena and Grandin Court present more moderate options with median prices of $278,500 and $280,000 respectively. Downtown Roanoke features townhouses with a median price of $235,000. One-bedroom condos start at a median of $112,500, while two-bedroom units reach a median of $220,000.
The cost of living sits 8.7% below the national average. A family with school-age children needs approximately $97,000 annually to live comfortably, while renters require about $51,000. Property taxes stand at 1.01%, comparing favorably to nearby Salem at 0.91%. The education system includes highly rated schools like North Cross School, rated A+ by Niche, and Cave Spring High School, rated A. Hollins University provides higher education opportunities. Public transportation includes Valley Metro bus service, Amtrak connections, and access to Roanoke-Blacksburg Regional Airport. The city experiences four distinct seasons with moderate temperatures, averaging summer highs in the mid-80s and winter lows in the low 30s.
Home Prices in Roanoke, VA
The median home sale price in Roanoke, VA is $260,000, consistent with the median home sale price year-over-year. Homes in Roanoke sell in 50 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$260,000
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Median Single Family Sale Price
$265,000
|
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Median Townhouse Sale Price
$274,900
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Median 2 Bedroom Sale Price
$190,000
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Median 1 Bedroom Sale Price
$145,500
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Average Price Per Sq Ft
$171
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Number of Homes for Sale
391
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Last 12 months Home Sales
1,691
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Months of Supply
2.80
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Median List Price
$269,995
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
0%
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Popular Home Searches in Roanoke, VA
Roanoke buyers often look for character-filled homes, mountain views, and outdoor space near the Blue Ridge Parkway and downtown.
- Love traditional styles? Explore craftsman style or colonial style homes in neighborhoods like Raleigh Court and Old Southwest.
- Need space for entertaining? Search listings with a deck or yard with room for outdoor gatherings.
- Want a peaceful setting? Check out homes with mountain views or tucked into a cul-de-sac.
- Prefer newer features? Look for modern homes or homes with vaulted ceilings and open designs.
- Need flexibility? Consider multi-family homes or homes with basements for added space.