Roanoke, VA

Population: 98,465
Average annual home appreciation rate: 2.33%
Total of homes for sale in this market: 869
Median home price: $132,526
Median Rent: $755 per room
Home price range: 50.59% of homes are between $98,001 – $197,000
Median sales price: $159,500
Number of homes: 372
Median foreclosure sales price: $74,475
Foreclosure discount: 53%
Most common home type: 63.51% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.15%
Number of renters: 46.45%
Number of owner occupied: 53.55%
Number people living below poverty level: 22.38%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Roanoke area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor. Multiple zombie (vacant) properties could lead to cash discounts for the savvy investor.

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