Home Values

Roanoke County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$161,700

  • 6.7% 1-year change
  • None 1-year forecast

The median home value in Roanoke County is $161,700. Roanoke County home values have gone up 6.7% over the past year. The median list price per square foot in Roanoke County is $128, which is higher than the Roanoke Metro average of $125. The median price of homes currently listed in Roanoke County is $208,500 while the median price of homes that sold is $157,400. The median rent price in Roanoke County is $995, which is higher than the Roanoke Metro median of $800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Roanoke County is 2.2%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Roanoke County homeowners underwater on their mortgage is 12.7%.

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Relative ZHVI
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Roanoke County Market Overview

Data through Feb 28, 2015
  • $161,700 ZHVI
  • No data 1-yr forecast
  • $208,500 Median listing price
  • $157,400 Median sale price
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Roanoke County Market Health

Data through Feb 28, 2015
  • 8.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Counties

Name Median ZHVI
Franklin County $177,900
Roanoke City County $104,900
 

Listings & Sales

Data through Feb 28, 2015
  • $128 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 13.2% Listings with price cut
32.7%
Sold below listing
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Roanoke County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,197 Roanoke County
    $1,121 Roanoke Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $995 Rent list price
  • $0.80 Rent list price / sq ft
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