Rental numbers for Roanoke city, VA
The typical home here runs -$554 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.5%.
- Gross yield
- 7.2%
- typical home, Zillow
- Median ZIP yield
- 7.5%
- 5 ZIPs with full data
- Cash flow
- -$554/mo
- at 7.78%, 25% down
- Typical price
- $221,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,325/mo
- Zillow ZORI, Aug 2026
ZIP codes in Roanoke city
6 with published figures
| 24013Roanoke | $148,000 | $1,250* | 10.1% | 5.7% | -$96 | n/a |
| 24017Roanoke | $187,000 | $1,424 | 9.2% | 5.0% | -$234 | +2.0% |
| 24016Roanoke | $167,000 | $1,134 | 8.2% | 3.7% | -$382 | +1.2% |
| 24012Roanoke | $230,000 | $1,447 | 7.5% | 3.8% | -$519 | +6.0% |
| 24015Roanoke | $303,000 | $1,472 | 5.8% | 2.5% | -$991 | +4.5% |
| 24014Roanoke | $295,000 | $1,294 | 5.3% | 2.1% | -$1,076 | +1.8% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.7%
- Rent, 12 months
- +2.4%
- Rent minus price growth
- +1.7 pts
- Property tax
- 0.99%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $161,726 | $957 |
| Aug 2022 | $184,641 | $1,104 |
| Aug 2023 | $199,769 | $1,170 |
| Aug 2024 | $214,804 | $1,231 |
| Aug 2025 | $219,475 | $1,294 |
| Aug 2026 | $220,971 | $1,325 |
HUD Fair Market Rent
FY2027, Roanoke, VA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,186 | $1,250 | $1,464 | $2,022 | $2,447 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.9
- 299 units, last 12 months
- National percentile
- 59th
- among US counties
Tools
Test a listing in Roanoke city against today's rate.
Open the calculatorPart of the Roanoke, VA metro.
Questions
- Is Roanoke city good for rental property?
- The typical home here runs -$554 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.5%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Roanoke city?
- About 0.99% of value, from Census ACS median taxes paid over median home value. On a $221,000 home that is about $2,196 a year.
- What is Fair Market Rent in Roanoke city?
- HUD's FY2027 Fair Market Rent here is $1,250 for a 1-bedroom, $1,464 for a 2-bedroom and $2,022 for a 3-bedroom. Typical cash flow at today's rate is -$554 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.