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Roanoke city, VA

ZIP 24011 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24011

Median Home Value
$839,300
Median Rent
$1,018
Affordability Snapshot
$231,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,391/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

15.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

68.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 24011 in Roanoke city, VA, a household would need roughly $231,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,391. That is about 313% above the local median household income ($55,882), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
7.0%-89% vs US avg
x
Vacancy Rate
8.5%-17% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
9.3%-27% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.5%-77% vs US avg
x
Mortgage-Free
29.3%-23% vs US avg
x
$839,300
Home Value
$1,018
Rent
1938
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached1.9%
  • 1-unit attached2.5%
  • 2-9 units19.5%
  • 10+ units76.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$839,300
Median rent$1,018
Owner-occupied7.0%
Vacant8.5%
Price-to-income15.0x
Est. income to buy$231,000