Roanoke, VA Metro Area - Investment Guide
Metro Area • 21 Cities • 30 ZIP Codes
Avg Home Value
$324,914
Avg Monthly Rent
$1,173
Avg Cap Rate
3.22%
Avg Investability
3.1 ★
Cities
21
ZIP Codes
30
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
❄️
COOL MARKET
Roanoke, VA Metro Area
More inventory, negotiating room for buyers
51 days
Average time to sell
Average
12.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Roanoke, VA
Every ZIP in the metro, ranked four ways. Free.
Cities in Roanoke, VA
Bent Mountain
Virginia
1 ZIPs
Blue Ridge
Virginia
1 ZIPs
Boones Mill
Virginia
1 ZIPs
Buchanan
Virginia
1 ZIPs
Callaway
Virginia
1 ZIPs
Catawba
Virginia
1 ZIPs
Daleville
Virginia
1 ZIPs
Eagle Rock
Virginia
1 ZIPs
Ferrum
Virginia
1 ZIPs
Fincastle
Virginia
1 ZIPs
Gladehill
Virginia
1 ZIPs
Hardy
Virginia
1 ZIPs
Henry
Virginia
1 ZIPs
New Castle
Virginia
1 ZIPs
Penhook
Virginia
1 ZIPs
Rocky Mount
Virginia
1 ZIPs
Salem
Virginia
1 ZIPs
Troutville
Virginia
2 ZIPs
Union Hall
Virginia
1 ZIPs
Vinton
Virginia
1 ZIPs
Wirtz
Virginia
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 24017 | Roanoke | VA | $182,198 | $1,481 | 6.34% | |
| 24013 | Roanoke | VA | $144,212 | $1,344 | 7.27% | |
| 24013 | Roanoke | VA | $151,429 | $1,359 | 7.00% | |
| 24013 | Roanoke | VA | $142,674 | $1,424 | 7.78% | |
| 24017 | Roanoke | VA | $190,160 | $1,528 | 6.27% | |
| 24013 | Roanoke | VA | $153,004 | $1,349 | 6.88% | |
| 24013 | Roanoke | VA | $146,378 | $1,081 | 5.76% | |
| 24017 | Roanoke | VA | $182,198 | $1,481 | 6.34% | |
| 24013 | Roanoke | VA | $150,897 | $1,218 | 6.30% | |
| 24019 | Roanoke | VA | $311,571 | $1,381 | 3.46% | |
| 24102 | Henry | VA | $214,837 | $819 | 2.97% | |
| 24067 | Callaway | VA | $305,798 | $819 | 2.09% | |
| 24153 | Salem | VA | $312,358 | $1,609 | 4.02% | |
| 24015 | Roanoke | VA | $298,166 | $1,498 | 3.92% | |
| 24085 | Eagle Rock | VA | $143,101 | $972 | 5.30% | |
| 24059 | Bent Mountain | VA | $347,154 | $1,089 | 2.45% | |
| 24127 | New Castle | VA | $211,526 | $927 | 3.42% | |
| 24070 | Catawba | VA | $333,136 | $999 | 2.34% | |
| 24175 | Troutville | VA | $342,670 | $1,053 | 2.40% | |
| 24016 | Roanoke | VA | $160,643 | $962 | 4.67% | |
| 24088 | Ferrum | VA | $261,526 | $819 | 2.44% | |
| 24090 | Fincastle | VA | $345,390 | $1,134 | 2.56% | |
| 24064 | Blue Ridge | VA | $319,010 | $1,260 | 3.08% | |
| 24137 | Penhook | VA | $512,731 | $981 | 1.49% | |
| 24012 | Roanoke | VA | $231,665 | $1,449 | 4.88% | |
| 24077 | Troutville | VA | $262,914 | $1,296 | 3.84% | |
| 24176 | Union Hall | VA | $863,171 | $1,278 | 1.15% | |
| 24083 | Daleville | VA | $455,798 | $1,976 | 3.38% | |
| 24179 | Vinton | VA | $292,628 | $1,392 | 3.71% | |
| 24018 | Roanoke | VA | $368,778 | $1,597 | 3.38% | |
| 24092 | Gladehill | VA | $316,421 | $945 | 2.33% | |
| 24065 | Boones Mill | VA | $329,787 | $927 | 2.19% | |
| 24151 | Rocky Mount | VA | $259,601 | $855 | 2.57% | |
| 24066 | Buchanan | VA | $228,851 | $1,179 | 4.02% | |
| 24153 | Salem | VA | $300,324 | $1,435 | 3.73% | |
| 24014 | Roanoke | VA | $292,343 | $1,351 | 3.61% | |
| 24085 | Eagle Rock | VA | $120,958 | $972 | 6.27% | |
| 24184 | Wirtz | VA | $468,445 | $819 | 1.36% | |
| 24019 | Roanoke | VA | $297,963 | $1,724 | 4.51% | |
| 24101 | Hardy | VA | $405,343 | $990 | 1.91% | |
| 24059 | Bent Mountain | VA | $327,940 | $1,089 | 2.59% | |
| 24102 | Henry | VA | $233,491 | $819 | 2.74% | |
| 24067 | Callaway | VA | $320,546 | $819 | 1.99% | |
| 24175 | Troutville | VA | $322,390 | $1,053 | 2.55% | |
| 24015 | Roanoke | VA | $306,164 | $1,438 | 3.66% | |
| 24088 | Ferrum | VA | $245,857 | $819 | 2.60% | |
| 24016 | Roanoke | VA | $163,319 | $1,039 | 4.96% | |
| 24090 | Fincastle | VA | $317,042 | $1,134 | 2.79% | |
| 24064 | Blue Ridge | VA | $299,821 | $1,260 | 3.28% | |
| 24127 | New Castle | VA | $233,041 | $927 | 3.10% |
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About Roanoke, VA Real Estate Market
The Roanoke, VA metropolitan statistical area (MSA) encompasses 21 cities and 30 ZIP codes. The average home value across the metro is $324,914, with an average monthly rent of $1,173. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.