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Area data

Roanoke, VA — ZIP 24016

Population: 10,521 (Census ACS)

The median home value in ZIP 24016 (Roanoke, VA) is $169,642 — up 0.1% over the past year. Homes sell for a median $192,500 after a median 26 days on market. Typical rent runs $1,124/month. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strongwind, inlandflooding, lightning the top-rated hazards. Cost of living is 3.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$169,642

Median home value

+0.1%

1-year change

26

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$169,642
1-year appreciation
+0.1%
3-year appreciation
+12.3%
5-year appreciation
+32.7%
10-year appreciation
+136.3%
All-time peak (2025-11)
$174,340
House Price Index (state)
423.6 (+3.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$192,500
Median list price
$263,970
Median price per sqft
$111
1-year sale-price change
+20.3%
Median days on market
26 days
Homes sold (recent period)
22
For-sale inventory
43
Sale-to-list ratio
94.8%
Active listings
38
1-year forecast
+3.9%
New listings (monthly)
12

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,124/mo
1-year rent change
+2.7%
Studio fair-market rent
$914/mo
1BR fair-market rent
$1,143/mo
2BR fair-market rent
$1,335/mo
3BR fair-market rent
$1,735/mo
4BR fair-market rent
$2,002/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
103.5 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$16.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
2
Middle schools
1
High schools
0
Schools include
Addison Aerospace Magnet Middle, Hurt Park Elementary, Highland Park Elementary

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strongWind, inlandFlooding, lightning, winterWeather
Notable hazard ratings (county)
coldWave: Relatively Low · earthquake: Relatively Low · hail: Relatively Low · hurricane: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Moderate
FEMA flood zone
A14
Flood risk level
High
Wildfire risk to homes (county)
Higher than 39% of US counties
Buildings in wildfire direct-exposure zone
7.7%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
59.0°F
Average high
69.0°F
Average low
48.0°F
Annual precipitation
45.0 in
Annual snowfall
14.4 in
USDA plant hardiness zone
7b (extreme annual low 5 to 10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
43
Days with Good air quality
251
Days with Moderate air quality
110
Days with Unhealthy air quality
1
Highest AQI recorded (year)
158

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
18.8 / 20
Transit service frequency
148
Jobs reachable by car (30 min)
40,000
Jobs reachable by transit (45 min)
29,718

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
2
Nearest national park
Booker T Washington National Monument (16 mi)
National parks include
Booker T Washington National Monument, Bluestone National Scenic River
Airports within 30 mi
22
Nearest airport
Roanoke–Blacksburg Regional Airport (ROA) (4 mi)
Nearest major airport
Roanoke–Blacksburg Regional Airport (ROA) (4 mi)
Hospitals nearby (~15 mi)
4
Hospitals include
CARILION MEDICAL CENTER, LEWISGALE MEDICAL CENTER, SALEM VA MEDICAL CENTER
Avg hospital rating (CMS)
3.7 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.2 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-358 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,941
Housing built before 1970
73.0%
Housing built 2000 or later
10.7%
Median annual property tax
$1,549
Mean commute to work
17 min
Households with broadband internet
64.1%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
56,249
Average weekly wage
$1,147
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
118

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 24016State medianUS median
Median home value$169,642$331,625$289,727
Median sale price$192,500$380,000$325,000
Median days on market26 days35 days51 days
Typical rent$1,124/mo$2,038/mo$1,808/mo
Median annual property tax$1,549$1,619$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 24016?
$169,642.
What is the median sale price in ZIP 24016?
$192,500.
How long do homes take to sell in ZIP 24016?
Median days on market: 26 days.
What is typical rent in ZIP 24016?
Typical rent: $1,124/month.
What is the natural-hazard risk in ZIP 24016?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strongWind, inlandFlooding, lightning, winterWeather.
Is ZIP 24016 in a flood zone?
High (FEMA NFIP). FEMA flood zone A14.
What is the wildfire risk in ZIP 24016?
Risk to homes is higher than 39% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 24016?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 24016?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 24016?
3 schools (2 elementary, 1 middle) (NCES, 2022-23).
Is ZIP 24016 walkable?
Walkability index: 18.8/20 (EPA Smart Location Database).
What is the air quality in ZIP 24016?
Good. Median AQI: 43. (EPA AQI).
What is the cost of living in ZIP 24016?
Regional Price Parity: 103.5 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Selling a home in Roanoke, VA?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents