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Roanoke city, VA

ZIP 24017 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24017

Median Home Value
$139,800
Median Rent
$795
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$898/mo PITI).

21%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

14.7 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 24017 in Roanoke city, VA, a household would need roughly $38,000 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 $898. That sits below the local median household income ($45,954), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
52.4%-20% vs US avg
x
Vacancy Rate
11.2%+9% vs US avg
x
Broadband Access
77.9%-10% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
10.6%-17% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
22.0%-56% vs US avg
x
Mortgage-Free
34.3%-10% vs US avg
x
$139,800
Home Value
$795
Rent
1961
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached69.9%
  • 1-unit attached2.6%
  • 2-9 units13.3%
  • 10+ units13.6%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$139,800
Median rent$795
Owner-occupied52.4%
Vacant11.2%
Price-to-income3.0x
Est. income to buy$38,000