Roanoke housing market: home prices, trends and forecast
For Roanoke home prices, the Zillow Home Value Index put the typical home in Roanoke, Virginia at $277,549 in September 2026. That was 2.3% higher than a year earlier and the highest monthly value on record.
- Value of a typical home
- $277,549September 2026, Zillow ZHVI
- Change over 12 months
- +2.3%since September 2025
- Change over 10 years
- Change since September 2016: +90.7%.
Roanoke home prices since 2000
Roanoke appears as the steel line, while the United States appears as the grey line. The typical Roanoke home increased from $150,725 in November 2004 to $277,549, reaching ×1.84, while the US reached ×2.07 over the same period. The boom peak was $158,207 in June 2008, while the low was $137,869 in February 2012, a change of −12.9%.
Roanoke median home price by year
Each year averages its twelve monthly values, and 2026 shows the latest month.
| Year | Roanoke | Change on the year | United States |
|---|---|---|---|
| 2005 | $147,536 | $189,732 | |
| 2006 | $152,958 | +3.7% | $206,531 |
| 2007 | $156,586 | +2.4% | $208,449 |
| 2009 | $146,032 | $177,542 | |
| 2010 | $141,492 | −3.1% | $171,462 |
| 2011 | $138,995 | −1.8% | $162,508 |
| 2012 | $139,282 | +0.2% | $161,137 |
| 2013 | $140,433 | +0.8% | $171,420 |
| 2014 | $141,444 | +0.7% | $182,996 |
| 2015 | $142,601 | +0.8% | $192,738 |
| 2016 | $144,921 | +1.6% | $204,509 |
| 2017 | $150,162 | +3.6% | $216,767 |
| 2018 | $155,385 | +3.5% | $230,541 |
| 2019 | $163,644 | +5.3% | $242,088 |
| 2020 | $177,222 | +8.3% | $257,151 |
| 2021 | $202,392 | +14.2% | $295,959 |
| 2022 | $228,324 | +12.8% | $340,014 |
| 2023 | $245,943 | +7.7% | $348,160 |
| 2024 | $260,519 | +5.9% | $359,751 |
| 2025 | $269,824 | +3.6% | $362,959 |
| September 2026 | $277,549 | +2.3% | $366,157 |
Current value of a Roanoke home bought in any year
This estimate uses an index for a typical home and does not provide an appraisal.
Each yearly figure averages its twelve monthly index values; the current value is September 2026. Other choices include: home appreciation calculator.
Are you thinking of selling? Compare local agents through Realtor.com. Advertising disclosure: links like this one may pay the site, but they never alter a number. Disclosure.
Roanoke housing market forecast
Zillow's forecast puts the Roanoke, VA metro up 2.8% across the 12 months from September 2026, and up 1.1% across the next three months. Using Roanoke's typical value of $277,549, the estimate would reach about $285,300 one year later.
Here you see Zillow's central estimate for this metro, restated; the site does not publish any forecast of its own. Such 12-month forecasts have typically fallen short or exceeded the realised change by several percentage points. This is not investment advice.
One table includes forecasts for every metro: housing market forecast.
Roanoke housing market crash risk score
Moderate, 36 of 100
Five conditions that ran high ahead of earlier price falls set the ranking of Roanoke against the 292 cities. Every input is scored from 0 to 100 compared with the other cities, then the five scores are averaged with equal weight. It shows current conditions and does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −2.0% | 46 | 20% |
| Market time for homes vs 2019 | −9.9% | 21 | 20% |
| Price-to-rent ratio | 16.9 | 42 | 20% |
| Price-to-income ratio | 4.6 | 44 | 20% |
| 12-month price change | +2.3% | 28 | 20% |
This is not investment advice. Scoring method for the inputs: methodology. See all 292 ranked cities: crash risk by city.
Roanoke's available homes and time on the market
In September 2026 the Roanoke, VA metro area had 1,223 homes listed for sale, up +28.9% compared with a year earlier and −2.0% versus the same month in 2019. Listings had a median sale time of 64 days (−9.9% against 2019), and price cuts applied to 28.5% of listings.
| Roanoke, VA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,223 | +28.9% |
| New listings | 454 | |
| Median days on market | 64 | +10.3% |
| Median list price | $374,975 | +4.2% |
| Share with a price cut | 28.5% |
Metro inventory source: Realtor.com® Economic Research. Realtor.com data. Every metro appears in days on market by city.
Living costs and rent in Roanoke
The Zillow Observed Rent Index shows a typical asking rent of $1,368 a month in Roanoke, which is 3.4% higher over one year. Paying 16.9 years at that rent covers the cost of a typical home. With median household income at $60,456 (Census ACS 2024), a typical home costs 4.6 times a year's household income. BEA rates metro prices at 93.6 compared with a US average of 100, and metro housing costs at 78.5.
More housing markets in Virginia
- Virginia Beach $424,785
- Arlington, Virginia $801,809
- Richmond prices stand at $361,844.
- Norfolk prices stand at $310,673.
- Alexandria prices stand at $662,843.
- Charlottesville prices stand at $511,398.
The state as a whole: Virginia housing market.
How to read the chart
Every point shows the Zillow Home Value Index for Roanoke, covering a typical home in the market's middle third. The figure is smoothed, seasonally adjusted, and stated in dollars for that month. An open circle identifies the selected slider month, while a terracotta circle shows the most recent month. These amounts do not account for inflation, and the index tracks the typical home instead of one particular house. Find the value of a single home from its own sale price using the card positioned above or the home appreciation calculator.