There are currently 57,311 real estate properties in Roanoke, VA, with a median automated valuation model (AVM) price of $198,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Roanoke, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Roanoke, VA, is $225,229.00, with the most expensive house in Roanoke, VA, topping out at $4,387,000.00 and the cheapest home in Roanoke, VA, clocking in at $12,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Roanoke, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Roanoke, VA, is on a rollercoaster ride. The average rent price in Roanoke, VA, is $1,238.00. Indeed, when looking to rent in Roanoke, VA, you can expect to pay as little as $460.00 or as much as $3,200.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Roanoke, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Roanoke, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Roanoke, VA and much more. Save thousands at closing with home foreclosure listings in Roanoke, VA — up to 75% off market value!
Roanoke is located in Roanoke, Virginia, with an estimated municipal population of 99,143 residents. All of the best foreclosed homes for sale in Roanoke are located in the following zip code areas on Foreclosure.com: 24014 24015 24016 24017 24011 24012 24013 24001 24002 24003 24004 24005 24006 24007 24008 24009 24010 24022 24023 24024 24025 24026 24027 24028 24029 24030 24031 24032 24033 24034 24035 24036 24037 24038 24040 24042 24043. The estimated population per square kilometer (.62 miles) in Roanoke is 900.
So, about how much do homes cost in Roanoke? The most recent median value of resident-owned homes in Roanoke is 135,088. An estimated 51.5 percent of households in Roanoke own their homes, with an average family size of 3.11. The median household income in Roanoke is 44,230, with14.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Roanoke, the median commute time of resident workers (in minutes) is 22.8. And last, but certainly not least, are you looking for homes to rent in Roanoke? If so, the average rent price paid by renters in Roanoke is 814, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Roanoke, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Roanoke is 38.5, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Roanoke is 36.4, with an average family size of 3.11.
The percentage of residents who report their race in Roanoke is as follows:
|Black / African American||29%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Roanoke? Or maybe you are searching for 55+ active adult communities in and/or near Roanoke?
The percentage of residents who report their age in Roanoke is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Roanoke with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Roanoke.
How do you know that living in -- or moving to -- Roanoke is right where you need to be? Perhaps you grew up in Roanoke or already live nearby; therefore, the decision to buy a home in Roanoke is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Roanoke for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Roanoke:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Roanoke.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Roanoke can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Roanoke, meanwhile, can field multiple offers from more qualified buyers.
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