Property Prices in Roanoke, VA, United States

Index Info
Price to Income Ratio: 3.05
Mortgage as Percentage of Income: 26.25%
Loan Affordability Index: 3.81
Price to Rent Ratio - City Centre: 8.33
Price to Rent Ratio - Outside of Centre: 9.70
Gross Rental Yield (City Centre): 12.01%
Gross Rental Yield (Outside of Centre): 10.31%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,184.00 1,100.00-1,300.00
1 Bedroom Apartment Outside of City Centre $991.33 885.00-1,200.00
3 Bedroom Apartment in City Centre $1,771.25 1,596.00-3,000.00
3 Bedroom Apartment Outside of City Centre $1,576.00 1,330.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $184.66 184.04-184.97
Price per Square Feet to Buy Apartment Outside of Centre $184.66 184.04-184.97
Salaries And Financing
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Average Monthly Net Salary (After Tax) $3,255.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.00 5.92-6.20

These data are based on 58 entries from 16 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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