Cost of Living in Roanoke County, Virginia

$1,148/mo

Median Monthly Rent

$267,300

Median Home Value

1% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,148/mo

1% above state average

Median Home Value

$267,300

5% below national

Rent-to-Income Ratio

26.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Roanoke County Compares

Median monthly rent comparison

Roanoke County$1,148/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$1,148/mo

Median Gross Rent

$267,300

Median Home Value

$1,155/mo

Monthly Owner Cost

26.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Roanoke County, Virginia

Roanoke County leads in housing affordability

Roanoke County boasts a rent-to-income ratio of 16.6%, the lowest among all eight counties profiled and well below Virginia's state average of 18.6%. With a median household income of $82,931—above the national median of $74,755—residents enjoy both strong earnings and manageable housing costs.

Virginia's most affordable housing market

Roanoke County's 16.6% rent-to-income ratio ranks it among the most affordable jurisdictions statewide, significantly better than the 18.6% state average. The median rent of $1,148 remains reasonable despite above-average incomes, reflecting a healthy supply-and-demand balance in the suburban market.

Better balance than Roanoke city proper

Roanoke County's median rent of $1,148 exceeds Roanoke city's $964 but supports a much higher median income of $82,931 versus the city's $52,671. This income advantage translates to a superior rent-to-income ratio (16.6% vs. 22.0%), making the county the region's true affordability winner.

Strong incomes keep housing burdens light

Renters pay $1,148 monthly while homeowners face $1,155 from a robust median income of $82,931. At 16.6%, the rent-to-income ratio is the lowest profiled, leaving residents substantial discretionary income after housing.

Premium choice for comfortable relocators

Roanoke County offers the sweet spot of suburban amenities, strong local incomes, and the state's lowest housing burden—ideal for families and established professionals. If you're relocating with solid earning power, this county delivers the best affordability-to-quality-of-life ratio in the region.

Affordability Calculator

See how your income compares to housing costs in Roanoke County

Your Annual Household Income

Rent Burden

16.6%

of gross income

Max Housing (28% Rule)

$1,935

per month

Owner Cost Burden

16.7%

of gross income

The median home in Roanoke County may be a stretch

Median home value is $267,300. Estimated monthly cost: $2,134 vs. your max of $1,935.

Rent Affordability Guide

Your rent-to-income ratio16.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Roanoke County, Virginia?

Roanoke County, Virginia has a median monthly rent of $1,148/mo and a median home value of $267,300. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.

What is the median rent in Roanoke County?

The median gross rent in Roanoke County is $1,148/mo. This is 1% above state average for Virginia.

Is Roanoke County affordable?

Roanoke County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Roanoke County's rent compare to the state average?

Roanoke County's median rent of $1,148/mo is 1% above state average of $1,140/mo for Virginia.

What is the median home value in Roanoke County?

The median home value in Roanoke County, Virginia is $267,300. This is 5% below the national median home value of $281,900.