Roanoke, VA home prices
Typical home $297,868 · +3.2% in a year · income needed $85,700
The Roanoke, VA metro area ranks 325 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.2% in a year and +32.2% over five years. With 20% down at 7.11%, the typical home costs about $1,999 a month including 0.99% property tax (Roanoke City rate).
Mortgage on the typical Roanoke home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,574 | $238,294 | $1,603 | $0 | $396 | $1,999 | $85,700 |
| 10% down | $29,787 | $268,081 | $1,803 | $112 | $396 | $2,311 | $99,000 |
| 5% down | $14,893 | $282,975 | $1,904 | $118 | $396 | $2,417 | $103,600 |
| 3.5% down (FHA) | $10,425 | $292,473 | $1,967 | $132 | $396 | $2,495 | $106,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.99% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Roanoke area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Roanoke City, VA | $219,673 | +0.6% | 0.99% |
| Roanoke County, VA | $335,201 | +3.2% | 0.85% |
| Franklin County, VA | $363,796 | +3.9% | 0.5% |
| Botetourt County, VA | $314,985 | +4.5% | 0.64% |
| Salem City, VA | $290,648 | +3.8% | 0.9% |
| Craig County, VA | $241,906 | +7.3% | 0.56% |
What can you afford in Virginia on your salary? · Virginia home prices · Salaries in Virginia
Frequently asked questions
How much is a house in Roanoke?
The typical home in the Roanoke, VA metro area is worth $297,868 (Zillow, September 2026).
What salary do you need to buy a house in Roanoke?
About $85,700 a year for the typical home with 20% down at 7.11%.