Roanoke, VA Real Estate

According to census data in the year 2000 there were 45,257 housing units in Roanoke. This represents a 2% growth from 44,384 in 1990.

Of those housing units, 45,257 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Roanoke is about 56.3%. Roanoke's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.2 people.

The majority of houses, apartments or condos in Roanoke were built after 1957.


Housing Size

Housing Units by Size
Studio Type2%
One Bedroom14.10%
Two Bedrooms32.50%
Three Bedrooms35.80%
Four Bedrooms12.50%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1954
Median Value of occupied units$80,300
Median Price asked for vacant units$67,300

Rented Homes, Apartments and Condos

Average Household Size2.04
Median year structure was built1964
Median Monthly Rent asked for vacant units$379

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.40%
Home Equity Loan8.50%
Simple Mortgage49.20%
Debt Free33.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%