US5.com
  1. Home
  2. States
  3. Virginia
  4. ZIP 24012
  5. Housing & Real Estate
Roanoke city, VA

ZIP 24012 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24012

Median Home Value
$177,000
Median Rent
$825
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,137/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 24012 in Roanoke city, VA, a household would need roughly $49,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,137. That is roughly in line with the local median household income ($51,002). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.6%-17% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
12.5%-3% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
37.1%-3% vs US avg
x
$177,000
Home Value
$825
Rent
1966
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.0%
  • 1-unit attached3.4%
  • 2-9 units15.6%
  • 10+ units15.4%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$177,000
Median rent$825
Owner-occupied54.6%
Vacant8.2%
Price-to-income3.5x
Est. income to buy$49,000