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Roanoke city, VA

ZIP 24015 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24015

Median Home Value
$251,000
Median Rent
$752
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,612/mo PITI).

13%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.8 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 24015 in Roanoke city, VA, a household would need roughly $69,000 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 $1,612. That is roughly in line with the local median household income ($69,840). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
62.7%-4% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
13.4%+5% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
30.5%-20% vs US avg
x
$251,000
Home Value
$752
Rent
1951
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached65.6%
  • 1-unit attached2.1%
  • 2-9 units20.0%
  • 10+ units11.2%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,000
Median rent$752
Owner-occupied62.7%
Vacant6.0%
Price-to-income3.6x
Est. income to buy$69,000