Roanoke City County

A local view of the market.

The real estate market in Roanoke City, Virginia, is currently experiencing growth, with the median home sold price reaching $271,431 in October 2024, marking a 7.2% increase from the previous year. The market is considered a seller's market, indicating that homes are selling quickly and often above the asking price. Roanoke City is the primary city in the area, with a population of approximately 97,171 as of 2023. It is the largest city in the region, providing a central hub for the surrounding areas and contributing significantly to the local economy. Living in Roanoke City offers a blend of urban and suburban lifestyles, with a strong presence of both rural and suburban communities. The area is known for its scenic beauty and outdoor recreational opportunities, thanks to its location near the Blue Ridge Mountains. The top industries in Roanoke include healthcare, manufacturing, and education, which attract people seeking employment opportunities. Additionally, the affordable cost of living and the emerging cultural scene make Roanoke an attractive destination for new residents.