Rental market snapshot for Roanoke, Virginia

Roanoke, Virginia Rental Property Market Overview

The average rent for an apartment in Roanoke is $1,017. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.82% over the past year.

Roanoke is a city in Virginia with a population of about 100,000 people. The city is located in the Blue Ridge Mountains and is known for its outdoor recreation opportunities. The city has a historic downtown area with a number of shops and restaurants.

Last Updated December 23, 2022

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Average monthly rent graph in Roanoke Virginia | Cost of Living

  • The most expensive ZIP Code in Roanoke is 24012 with an average price of $1,360
  • The cheapest ZIP Code in Roanoke is 24016 with an average price of $725

Roanoke ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
124012$1,360
224017$1,300
324018$1,211

Live near Roanoke, Virginia's Top Sights and Attractions

Elmwood Park is a beautiful park located in the heart of Roanoke, Virginia. The park features a large pond, walking trails, a playground, and a picnic area.

Jackson Park is a large public park located in the center of Roanoke, Virginia. The park features a variety of amenities, including a playground, a swimming pool, a basketball court, and a picnic area. The park is also home to a large pond, which is popular with fishing and bird watching.

Mill Mountain Park is a large park located in the city of Roanoke, Virginia. The park features a variety of amenities, including a playground, picnic areas, hiking trails, and a scenic overlook.

Lick Run Greenway is a 1.5-mile long paved trail that runs along the Lick Run stream. The trail is popular with walkers, runners, and cyclists, and features several bridges and a waterfall.

The Mill Mountain Greenway is a linear park that runs along the Roanoke River for over three miles. The park features a paved walking and biking trail, as well as a playground, picnic areas, and a dog park.

Washington Park is a beautiful park located in the heart of Roanoke, Virginia. The park features a variety of amenities including a playground, picnic pavilion, walking trails, and a pond. The park is also home to a variety of events throughout the year, including the Roanoke Symphony Orchestra's Summer Concert Series.

Mill Mountain Zoo is a small zoo located on the top of Mill Mountain in Roanoke, Virginia. The zoo is home to a variety of animals, including lions, tigers, bears, and reptiles. The zoo also has a playground, a picnic area, and a gift shop.

Raleigh Court Park is a beautiful park located in the heart of Roanoke, Virginia. The park features a variety of amenities including a playground, picnic pavilion, walking trails, and a pond. Raleigh Court Park is a great place to spend a day with family and friends.

Roanoke, Virginia area median rent change by ZIP Code map

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How does Roanoke compare to other cities in Virginia ?

citymedian price
Portsmouth$1,475
Petersburg$1,095
Woodbridge$2,031
Christiansburg$1,450
Reston$2,269
Hampton$1,549
Williamsburg$1,575

Average household income in Roanoke area graph - US Census

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The median household income in Roanoke in 2021 was $45,664. This represents a 21.0% change from 2011 when the median was $37,753.

#categorypercent
0Less than $10,00010.0%
1$10,000 to $14,9997.1%
2$15,000 to $19,9996.1%
3$20,000 to $24,9996.0%
4$25,000 to $29,9995.9%
5$30,000 to $34,9995.1%
6$35,000 to $39,9995.1%
7$40,000 to $44,9994.0%
8$45,000 to $49,9995.2%
9$50,000 to $59,9999.6%
10$60,000 to $74,9999.2%
11$75,000 to $99,99910.6%
12$100,000 to $124,9996.4%
13$125,000 to $149,9993.1%
14$150,000 to $199,9992.6%
15$200,000 or more4.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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