Rental numbers for the Roanoke, VA metro
The typical home here runs -$932 a month at 7.78% with 25% down, breaking even at about 0.6%. 0 of 9 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%.
- Gross yield
- 5.7%
- typical home, Zillow
- Median ZIP yield
- 5.8%
- 9 ZIPs with full data
- Cash flow
- -$932/mo
- at 7.78%, 25% down
- Typical price
- $299,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,425/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
30 with published figures
| 24013Roanoke | $148,000 | $1,250* | 10.1% | 5.7% | -$96 | n/a |
| 24085Eagle Rock | $139,000 | $1,080* | 9.3% | 5.2% | -$150 | 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% |
| 24066Buchanan | $226,000 | $1,310* | 7.0% | 3.6% | -$530 | n/a |
| 24077Roanoke | $267,000 | $1,440* | 6.5% | 3.5% | -$671 | n/a |
| 24153Salem | $310,000 | $1,619 | 6.3% | 3.0% | -$895 | +1.4% |
| 24015Roanoke | $303,000 | $1,472 | 5.8% | 2.5% | -$991 | +4.5% |
| 24019Roanoke | $309,000 | $1,438 | 5.6% | 2.4% | -$1,046 | n/a |
| 24018Roanoke | $377,000 | $1,715 | 5.5% | 2.5% | -$1,260 | +6.4% |
| 24064Blue Ridge | $314,000 | $1,400* | 5.3% | 2.5% | -$1,043 | n/a |
| 24127New Castle | $232,000 | $1,030* | 5.3% | 2.3% | -$796 | n/a |
| 24179Vinton | $288,000 | $1,283 | 5.3% | 2.3% | -$996 | n/a |
| 24014Roanoke | $295,000 | $1,294 | 5.3% | 2.1% | -$1,076 | +1.8% |
| 24083Daleville | $466,000 | $1,880* | 4.8% | 2.2% | -$1,660 | n/a |
| 24102Henry | $229,000 | $910* | 4.8% | 1.8% | -$887 | n/a |
| 24090Fincastle | $338,000 | $1,260* | 4.5% | 1.6% | -$1,358 | n/a |
| 24088Ferrum | $259,000 | $910* | 4.2% | 1.5% | -$1,079 | n/a |
| 24059Bent Mountain | $345,000 | $1,210* | 4.2% | 1.3% | -$1,497 | n/a |
| 24151Rocky Mount | $275,000 | $950* | 4.2% | 1.5% | -$1,140 | n/a |
| 24175Troutville | $338,000 | $1,170* | 4.2% | 1.4% | -$1,418 | n/a |
| 24092Gladehill | $312,000 | $1,050* | 4.0% | 1.4% | -$1,307 | n/a |
| 24070Catawba | $358,000 | $1,110* | 3.7% | 0.9% | -$1,654 | n/a |
| 24065Boones Mill | $333,000 | $1,030* | 3.7% | 1.2% | -$1,457 | n/a |
| 24067Callaway | $328,000 | $910* | 3.3% | 0.9% | -$1,528 | n/a |
| 24101Hardy | $400,000 | $1,100* | 3.3% | 1.0% | -$1,836 | n/a |
| 24137Penhook | $539,000 | $1,090* | 2.4% | 0.2% | -$2,796 | n/a |
| 24184Wirtz | $462,000 | $910* | 2.4% | 0.1% | -$2,435 | n/a |
| 24176Union Hall | $860,000 | $1,420* | 2.0% | 0.1% | -$4,531 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.6%
- Rent, 12 months
- +3.3%
- Rent minus price growth
- -0.2 pts
- Property tax
- 0.65%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $227,022 | $1,029 |
| Aug 2022 | $254,916 | $1,191 |
| Aug 2023 | $266,647 | $1,264 |
| Aug 2024 | $280,901 | $1,319 |
| Aug 2025 | $289,116 | $1,379 |
| Aug 2026 | $299,426 | $1,425 |
Counties
- Roanoke city, VA7.5% median yield
- Roanoke County, VA5.5% median yield
- Botetourt County, VAn/a median yield
- Franklin County, VAn/a median yield
- Craig County, VAn/a median yield
- Salem city, VA6.3% median yield
Tools
Questions
- Is the Roanoke, VA metro good for rental property?
- The typical home here runs -$932 a month at 7.78% with 25% down, breaking even at about 0.6%. 0 of 9 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Roanoke, VA metro have the highest rental yield?
- 24017 (Roanoke) at 9.2%, 24016 (Roanoke) at 8.2%, 24012 (Roanoke) at 7.5%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.