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Short Sale Listings in Roanoke, VA

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Living in Roanoke, VA

Roanoke, VA, is a vibrant city offering a unique lifestyle with access to both urban and outdoor experiences. From its strong community ties to educational institutions and outdoor adventures, Roanoke is an ideal location for families and retirees. The city's rich cultural scene enhances its appeal for residents.

Current Market Conditions in Roanoke, VA

The real estate market in Roanoke is currently experiencing a steady growth trend. Home values are increasing, making it an attractive investment for buyers looking for appreciation potential.

With various housing options available, including single-family homes, townhouses, and condos, the Roanoke market is welcoming for new investors, especially those targeting rental properties due to the area's demand for housing.

Home Value Estimator For Roanoke, VA

There are currently 60,835 real estate properties in Roanoke, VA, with a median automated valuation model (AVM) price of $268,294.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Roanoke, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Roanoke, VA, is $332,075.00, with the most expensive house in Roanoke, VA, topping out at $46,229,348.00 and the cheapest home in Roanoke, VA, clocking in at $10,035.00. In other words, there’s something for every potential homebuyer or savvy investor in Roanoke, VA!

Rent Prices In Roanoke, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Roanoke, VA, is on a rollercoaster ride. The average rent price in Roanoke, VA, is $1,235.00. Indeed, when looking to rent in Roanoke, VA, you can expect to pay as little as $460.00 or as much as $3,280.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Roanoke, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Roanoke, VA Short Sale Listings

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