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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Roanoke, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Roanoke, TX Housing Market Trends

With a population of 9,943, 3,620 total housing units (homes and apartments), and a median house value of $470,727, Roanoke real estate is some of the most expensive in Texas, although Roanoke home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Roanoke, accounting for 55.80% of the city's housing units. Other types of housing that are prevalent in Roanoke include large apartment complexes or high rise apartments ( 29.95%), mobile homes or trailers ( 8.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.20%).

The most prevalent building size and type in Roanoke are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.48% owning and 41.52% renting.

Roanoke homes and real estate are some of the newest in America. 58.37% of Roanoke's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Roanoke real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.58%), and between 1940-1969 ( 1.05%).

Roanoke Home Appreciation Rates

Appreciation rates for homes in Roanoke have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.95%, which ranks in the top 30% nationwide. This equates to an annual average Roanoke house appreciation rate of 7.65%.

Over the last year, Roanoke appreciation rates have trailed the rest of the nation. In the last twelve months, Roanoke's appreciation rate has been 2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roanoke were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Texas, our data show that Roanoke's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$470,727

Roanoke, TX Home Prices
> $1,348,000
$1,011,001 - $1,348,000
$674,001 - $1,011,000
$539,001 - $674,000
$405,001 - $539,000
$270,001 - $405,000
$135,001 - $270,000
$67,001 - $135,000
$0 - $67,000
2.1%
2.1%
1.4%
1.4%
15.9%
15.9%
17.4%
17.4%
32.1%
32.1%
14.0%
14.0%
14.5%
14.5%
0.5%
0.5%
2.2%
2.2%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

3,620

Roanoke Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,667 / per month

Homeownership Rate

Owners
Renters
58.5%
58.5%
41.5%
41.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.3%
7.3%
92.7%
92.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
58.4%
58.4%
40.6%
40.6%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.8%
55.8%
0.0%
0.0%
6.2%
6.2%
30.0%
30.0%
8.0%
8.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
19.3%
19.3%
13.9%
13.9%
36.2%
36.2%
23.8%
23.8%
4.1%
4.1%
0% 100.0%
% of Homes