Real Estate Investing in Roanoke, Virginia (24013)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24013 (Roanoke, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 21.1% of homes vacant — above national norms.
What’s happening in Roanoke, VA (24013)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24013 Roanoke
From a cash-flow lens, ZIP 24013 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $151K median. It rewards specialists, not generalists.
The investment case in 24013 is healthy only for operators who understand what they are buying. A $151K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 24013 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 24013 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 24013 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Roanoke:
Property Strategy for 24013
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,371 | $1,250 | 7.0% | +10.9% | $64,686 |
| 3BR | $153,651 | $1,740 | 8.2% | +10.3% | $51,217 |
| 4BR | $160,511 | $2,100 | 9.4% | +9.9% | $40,128 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24013 Compare?
| Metric | 24013 | Roanoke | Roanoke, VA | Virginia |
|---|---|---|---|---|
| Home Value | $151,429 | $52,650 | N/A | $403,170 |
| 5-Year CAGR | 7.7% | 7.1% | N/A | 6.4% |
| Avg Rent | $1,359 | $1,398 | N/A | - |
| Cap Rate | 7.0% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 24013 (Roanoke, VA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 24013 (Roanoke, VA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $151,429 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.8% |
| Cap Rate | 7.0% |
| 5-Year IRR | 14.7% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | +21.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24013
Population: 7,685
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 24013
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Addison Aerospace Magnet Middle
Garden City Elementary
Hurt Park Elementary
Crystal Spring Elementary
Highland Park Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 709 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Roanoke, VA?
Expect a solid tenant pool in Roanoke, VA. The rental market absorbs $1,359/mo rents without meaningful friction.
Is Roanoke in VA worth investing in?
Roanoke, VA scores 4.0/5 for investability. Home values sit at $151K and rents near $1,359/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Roanoke, VA?
For Roanoke, VA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What does house hacking look like in Roanoke, VA?
House hacking works a challenging in Roanoke, VA. Rents of $1,359/mo against $151K acquisition make the strategy solid for owner-occupants.
Are landlord laws favorable in Roanoke, VA?
For rental operators, Roanoke, VA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 24013 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24013 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 24013 ranks in Roanoke, VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 24013 (Roanoke)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 24013 (Roanoke, VA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.