What are current home values in Roanoke City, VA?

The median home value in Roanoke City, VA is $220,971 as of August 2026. This represents a 0.3% increase compared to last month and a 0.7% increase year-over-year.

How do home values in Roanoke City, VA compare to Virginia and the national average?

The median home value in Roanoke City, VA ($220,971) compares to Virginia ($414,662) and the U.S. national median ($368,697).

Roanoke City, VA Housing Market

$220,971

0.7% 1-yr

The average Roanoke City, VA home value is $220,971, up 0.7% over the past year, and homes go to pending in around 19 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Roanoke City Key Takeaways

Typical Home Values: $220,971

1-Year Value Change: +0.7%

(Data through August 31, 2026)

Roanoke City Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 445 (August 31, 2026)

New Listings: 129 (August 31, 2026)

Median Sale to List Ratio: 0.999 (July 31, 2026)

Median Sale Price: $235,500 (July 31, 2026)

Median List Price: $255,917 (August 31, 2026)

Percent of Sales Over List Price: 29.6% (July 31, 2026)

Percent of Sales Under List Price: 44.9% (July 31, 2026)

Median Days to Pending: 19 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Cities in Roanoke City

NameMedian ZHVI
Roanoke$279,227
Cloverdale$301,962
Salem$310,395
Vinton$287,772
Daleville$438,116
Hardy--
Boones Mill$332,171
Troutville$348,420
Blue Ridge$315,043

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Roanoke City Homes for Sale

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Roanoke City Rental Market Trends

Average Rent: $1,325 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: -0.4% (August 31, 2026)

Year-Over-Year Change: 2.3% (August 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.