Roanoke, VA · Virginia

Roanoke city

ZIP 24022

98,677 residents116 permits TTM$52,671 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$180,500

ACS 5-Year

Cap rate proxy

6.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

22.0%

HUD FMR ÷ ACS HHI

Net migration

+2.06%

IRS SOI

Permits (TTM)

116

Census BPS

Climate risk

72.9

FEMA NRI (0–100)

ZIP 24022

Median home value

Gross yield

Buy Box score

Section 8 gap

Affordability

P/I: R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
240131.0
240171.0
240111.0
240161.0
240120.9
240150.5
24022

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Demographics

Owner-occupied

51.7%

Census ACS

Vacancy rate

11.2%

Census ACS

Bachelor's degree +

28.9%

Census ACS

Rent burdened

43.6%

Census ACS (>30% income)

Median age

38.0

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026