Roanoke
Roanoke city, Virginia
Roanoke offers a compelling blend of affordability and a relaxed lifestyle, making it a hidden gem for those seeking a fresh start. With a median home value of just $162,000, significantly below the national average, and a high homeownership rate of 80%, Roanoke presents an accessible entry point into homeownership. The Affordability Index of 98 indicates that housing costs are very reasonable relative to income, and the median rent of $1,267 per month provides another attractive option. While the city's Walk Score is low, the overall vibe is one of quiet living, perfect for those who appreciate a slower pace of life.
From an investment perspective, Roanoke's market is stable, and the city is a good choice for families, first-time homebuyers, and those seeking a lower cost of living. While the median household income of $51,523 is lower than the national average, the relatively low cost of living makes this a non-issue for many. Crime rates are moderate, with 2.1 violent crimes per 1,000 residents and 15.9 property crimes per 1,000 residents, providing a sense of safety.
Roanoke boasts excellent air quality, with an AQI of 32, ensuring residents breathe clean air. The quiet environment, combined with the moderate climate risk, adds to the overall quality of life. The city's scenic beauty, with its proximity to the Blue Ridge Mountains, offers ample opportunities for outdoor recreation, making Roanoke a desirable location for those who value both affordability and a connection to nature.
Roanoke, Virginia at a Glance
Roanoke is a city in Roanoke city, Virginia with a population of approximately 99,213. The median home value is $162,000 and the median household income is $51,523. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,267 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$162,000
Median Income
$51,523
Population
99,213
Walk Score
0
Air Quality
AQI 32
Good
Climate Risk
Relatively Moderate
Fair
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- Population
- 99,213
- Median Age
- N/A
- Median Household Income
- $51,523
31% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 19.1%
54% above nat'l avg
- Median Home Value
- $162,000
43% below nat'l avg
- Median Rent
- $1,267
9% above nat'l avg
- Homeownership Rate
- 80.0%
21% above nat'l avg
- Affordability Index
- 98
Near nat'l avg
- Violent Crime Rate
- 1.4 per 1K
61% below nat'l avg
- Property Crime Rate
- 5.8 per 1K
69% below nat'l avg
- AQI
- 32
24% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 71.58
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 11.0¢/kWh
33% below nat'l avg
- Est. Monthly Electric
- $99
28% below nat'l avg
- Unemployment Rate
- 6.6%
78% above nat'l avg
- Poverty Rate
- 19.1%
54% above nat'l avg
Weather & Climate in Roanoke
Avg High
70°F
Avg Low
50°F
Annual Rainfall
37.3"
Avg Humidity
67%
Political Landscape
→ Politically stable
Based on Fluvanna County county-level presidential election data
Culture & Things to Do in Roanoke
Roanoke Greek Festival
A celebration of Greek culture with food, music, and dance.
Local Colors Festival
A multicultural festival showcasing the diversity of the Roanoke Valley.
Strawberry Festival
An annual festival celebrating strawberries with food, crafts, and entertainment.
GO Outside Festival
A festival celebrating outdoor recreation, with activities and demonstrations.
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