Home prices
The median home value in Roanoke is $135,100. This is roughly $64,680 (32%) lower in comparison to its nearby areas.In comparison to the rest of the country it is about $82,400 (37%) lower, and in comparison to the city of Greensboro is approximately $21,200 (13%) lower.
Rents
The median monthly rent in Roanoke is $814. This is roughly $57 (6%) lower compared to the surrounding areas.It is about $248 (23%) lower compared to the rest of the nation, and it is roughly $63 (7%) lower in comparison to the city of Greensboro.
Nearby places
Vinton
Vinton is Roanoke's neighbor to the east. Real estate prices there are somewhat more expensive. The median home in Vinton is valued at $148,000, which works out to $12,900 (8%) higher than Roanoke. Rents there are a little less expensive. Vinton's median rent is $725 a month, which is $89 (12%) lower than Roanoke.
Cave Spring
Cave Spring is Roanoke's neighbor to the southwest. Its housing prices are a lot more expensive. The median home in Cave Spring is valued at $215,500, which comes out to $80,400 (37%) higher than Roanoke. Its rents are a bit more expensive. In Cave Spring the median monthly rent is $992, which comes out to $178 (17%) higher than Roanoke.
Hollins
Hollins is Roanoke's neighbor to the north. The housing prices there are a little more expensive. Hollins's median home value is $173,200, which is $38,100 (21%) higher than Roanoke. Its rents are a little more expensive. In Hollins the median rent is $939 per month, which is $125 (13%) higher than Roanoke.
Salem
Salem is Roanoke's neighbor to the west. The real estate prices there are somewhat more expensive. The median home in Salem costs $181,900, which is $46,800 (25%) higher than Roanoke. Rent there is somewhat more expensive. Salem's median rent is $913 per month, which works out to $99 (10%) higher than Roanoke.
Cloverdale
Cloverdale is roughly 6 miles northeast from Roanoke. Real estate prices there are a lot more expensive. The median home in Cloverdale is valued at $280,300, which is $145,200 (51%) higher than Roanoke. Rents there are pretty similar. In Cloverdale the median rent is $785 per month, which comes out to $29 (3%) lower than Roanoke.
