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Roanoke HousingHousing in the Roanoke Valley

Home values in the Roanoke Valley tend to be lower than in many other parts of the country. The median home value in 2009 was significantly lower than the national median value.

Median Home Value (2014 American Community Survey):
Roanoke MSA    $169,400
USA  $175,700
Roanoke County  $194,000
Virginia   $243,500
Cost of Living - Housing Component

The Cost of Living Index is researched and provided quarterly by ACCRA, a nonprofit organization promoting excellence in research for economic and community development. It provides a cost comparison of over 300 U.S. cities based on a number of components, including cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.

The Housing Component of the ACCRA Cost of Living Survey considers the cost of:
  • Monthly rent, excluding utilities, for a two-bedroom apartment of approximately 950 square feet
  • Monthly mortgage payment on a new 2,400 square-foot house

Housing Index
Washington, DC 248.7
San Jose, CA 245.4
Queens, NY 233.4
San Diego, CA 227.1
Oakland, CA 226.8
Stamford, CT 210.9
Boston, MA 190.9
Seattle, WA 184.2
Newark, NJ 165.8
Portland, OR 164.9
Flagstaff, AZ 142.0
Providence, RI 136.9
Chicago, IL 136.8
Philadelphia, PA 136.1
Denver, CO 129.8
Albany, NY 122.6
Chapel Hill, NC 116.1
Ann Arbor, MI 114.7
Minneapolis, MN 113.2
Madison, WI 112.8
Akron, OH 112.1
Charlottesville, VA 110.6
Las Vegas, NV 106.6
Morgantown, WV 105.8
Houston, TX 104.7
National Average 100.0
Asheville, NC 99.9
Atlanta. GA 98.6
Orlando, FL 95.8
Phoenix, AZ 95.4
Gainesville, FL 92.1
Kansas City, MO-KS 92.0
Roanoke, VA 90.0
Source: ACCRA Cost of Living Survey 2015