Roanoke, VA 24031 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Roanoke, VA — 24031
Median Listing Price
--
Population
--
Households
43,575
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
49K
units
Occupied
43,575
88.7%
Vacant
5,531
11.3%
2024 Tenure
44K
occupied
Owner
22,852
52.4%
Renter
20,723
47.6%
Renter Share
47.6%
-1.5% YoY
Total Housing Units
49,106
+0.4% YoY
FY2026 Fair Market Rent — Roanoke city
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,004
/month
1 BR
$1,053
/month
2 BR
$1,254
/month
3 BR
$1,743
/month
4 BR
$2,104
/month
FMR Trends — Roanoke city
Source: HUD Fair Market Rents
County Demographics
Median Age
38.3
2024
Population
Roanoke city Population
97,912
+0.4% YoY
Households
Total Households
43,575
+0.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.22
-0.4% YoY
Age
2024 Age Mix
98K
residents
Under 18
22,254
22.6%
Adults 18–64
58,635
59.6%
65 & Over
17,466
17.8%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
22,254
-0.3% YoY
Population 65 & Over
17,466
+1.4% YoY
Median Age
38.30
+0.8% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
88.3%
Moved (within US)
11.5%
Other
0.2%
Veterans
7.3%
-2.7% YoY
County Economy
Income
Median Household Income
$55K
+5.1% YoY
Per-Capita Income
$37K
+5.1% YoY
Mean Household Income
$81K
+5.0% YoY
Poverty
Below Poverty Level
18.3%
-7.1% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
74.9%
Public transit
2.4%
Worked from home
11.8%
Other
10.9%
Worked From Home
11.8%
+10.3% YoY
Mean Commute
19.00
-4.5% YoY
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