Real Estate Investing in Roanoke, Virginia (24019)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 24019 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Roanoke, VA (24019)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 24019 Roanoke
ZIP 24019 inside Roanoke County looks affordable on the surface — median value of $314K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 24019 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 24019 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 24019 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 24019 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Roanoke:
Property Strategy for 24019
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,139 | $1,490 | 4.7% | +7.6% | $114,069 |
| 3BR | $284,352 | $2,070 | 5.2% | +7.8% | $94,784 |
| 4BR | $341,091 | $2,500 | 5.3% | +7.4% | $85,273 |
| 5BR | $453,429 | — | — | +7.5% | $90,686 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 24019 Compare?
| Metric | 24019 | Roanoke | Roanoke, VA | Virginia |
|---|---|---|---|---|
| Home Value | $314,169 | $52,650 | N/A | $403,170 |
| 5-Year CAGR | 6.3% | 7.1% | N/A | 6.4% |
| Avg Rent | $1,418 | $1,398 | N/A | - |
| Cap Rate | 3.5% | 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 24019 (Roanoke, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $314,169 |
| Monthly Rent | $1,418 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 24019
Population: 28,615
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 24019
Schools in This ZIP Code
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
Which real estate strategy fits Roanoke, VA?
The best-fit strategy in Roanoke, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How qualified is the tenant pool in Roanoke, VA?
Expect a solid tenant pool in Roanoke, VA. The rental market absorbs $1,418/mo rents without meaningful friction.
How much do tenants pay in Roanoke, VA?
Expect rents around $1,418/mo per month in Roanoke, VA. With home values at $314K, the yield math works out to reasonable levels for rental investors.
Does a duplex house hack pencil in Roanoke, VA?
The a challenging house-hack environment in Roanoke, VA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Roanoke, VA stack up for property investment?
Roanoke, VA reports an investability rating of 3.0/5, with median home values near $314K and average rents around $1,418/mo. That combination puts it in the impressive tier for investor interest.
You know 24019 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 24019 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 24019 ranks in Roanoke, VA
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