What homes cost in Roanoke: value, property taxes, and rents from Census survey data, plus the statewide costs that come with the purchase.
Census ACS 5-year medians (2019 to 2023) for Roanoke itself, not the county or the state.
| Measure | Median |
|---|---|
| Population | 98,677 |
| Median home value | about $888,888 |
| Median property taxes paid | about $8,888 per year ($888 per month) |
| Effective tax rate (taxes / value) | about 8.88% |
| Median gross rent | about $888 per month |
Taxes paid reflect what current owners actually pay, including exemptions and long-held assessments. A new purchase can be reassessed at the sale price, so budget off the rate, not the median bill.
Typical figures across the state; town-specific values vary.
Baseline premiums in Virginia run about $888 per $100,000 of dwelling coverage per year. Your actual quote moves with the home's age, roof, claims history, and deductible.
| Buyer-side item | Estimate |
|---|---|
| Buyer's attorney (typical) | $8,888 |
| Owner's title insurance on $600,000 | about $8,888 |
| Recording fees | $888 |
| Example subtotal | about $8,888 |
Transfer tax runs $8.88 per $1,000 of sale price, customarily paid by the seller.
Lender fees, prepaid taxes and insurance, and escrows come on top. Your loan estimate is the binding number.
The most an FHA-insured mortgage can lend here, set by HUD per county and refreshed each January.
| Property size | Limit |
|---|---|
| 1 unit | $541,287 |
| 2 units | $693,050 |
| 3 units | $837,700 |
| 4 units | $1,041,125 |
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Create your accountSource: US Census Bureau, American Community Survey 5-year estimates (2019 to 2023), tables B25077, B25103, B25064, B01003, via data.census.gov. Survey medians carry a margin of error, especially in small towns. All figures are estimates for planning, not quotes. Confirm with the town, your lender, and your insurance agent before relying on them.
