Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 98,677 ↓ 1.3% since 2020 |
| Median Household Income | $52,671 29% below national median |
| Median Home Value | $180,500 |
| Unemployment Rate | 5.5% |
| Median Age | 38.0 years |
| Housing Vacancy Rate | 11.2% |
| Total Land Sales (Past 12 Months) | 199 transactions |
| Active Listings | 74 properties |
| Avg Days on Market | 222 days |
Rural Land Sales (1+ Acres) (Jun 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $31,878 |
| Recent Sales | 16 transactions |
| Avg Days on Market | 254 days |
| Avg Parcel Size | 4.20 acres |
| Active Listings | 8 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 1.63 | $36,000 | $22,110 | Roanoke |
| Nov 2025 | 4.01 | $35,000 | $8,726 | Roanoke |
| Nov 2025 | 4.01 | $35,000 | $8,728 | Roanoke |
| Oct 2025 | 1.11 | $45,000 | $40,541 | Roanoke |
| Oct 2025 | 1.01 | $32,175 | $31,900 | Roanoke |
| Oct 2025 | 1.11 | $45,000 | $40,541 | Roanoke |
| Oct 2025 | 1.01 | $32,175 | $31,856 | Roanoke |
| Aug 2025 | 1.08 | $81,300 | $75,278 | Roanoke |
| Jul 2025 | 16.68 | $401,334 | $24,061 | Roanoke |
| Jun 2025 | 1.06 | $42,500 | $39,997 | Roanoke |
Suburban/Urban Land Sales (Under 1 Acre) (Feb 2026 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $14,500 |
| Recent Sales | 183 transactions |
| Avg Days on Market | 219 days |
| Avg Parcel Size | 0.20 acres |
| Active Listings | 66 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.11 | $12,500 | Roanoke |
| Feb 2026 | 0.05 | $3,000 | Roanoke |
| Feb 2026 | 0.05 | $2,500 | Roanoke |
| Feb 2026 | 0.24 | $11,000 | Roanoke |
| Feb 2026 | 0.12 | $290,000 | Roanoke |
| Feb 2026 | 0.22 | $10,000 | Roanoke |
| Feb 2026 | 0.15 | $15,500 | Roanoke |
| Feb 2026 | 0.17 | $8,500 | Roanoke |
| Feb 2026 | 0.18 | $19,350 | Roanoke |
| Feb 2026 | 0.33 | $23,650 | Roanoke |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 98,677 |
| Population (2020) | 100,011 |
| Population Growth | -1.33% |
| Median Household Income | $52,671 |
| Median Home Value | $180,500 |
| Total Housing Units | 48,931 |
| Vacant Housing Units | 5,502 |
| Housing Vacancy Rate | 11.2% |
| Median Age | 38.0 |
| Bachelor's Degree or Higher | 12,180 (12.3%) |
| Unemployment Rate | 5.5% |
Market Overview
Roanoke city, Virginia has a population of 98,677, which has declined 1.33% since 2020. The median household income is $52,671, below the national median of $74,580 by 29.4%. The housing vacancy rate of 11.2% suggests balanced market conditions. Roanoke city remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $31,878 per acre, with properties averaging 4.20 acres. There are currently 74 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Roanoke city, Virginia?
As of the 2023 American Community Survey, Roanoke city has a population of 98,677. The county has declined 1.33% since the 2020 Census.
What is the median household income in Roanoke city?
The median household income in Roanoke city is $52,671, which is 29.4% below the national median of $74,580.
Is Roanoke city growing or shrinking?
Roanoke city is shrinking. The population has declined 1.33% since 2020.
What is the housing market like in Roanoke city?
The median home value in Roanoke city is $180,500. The housing vacancy rate is 11.2%, which suggests balanced market conditions. The unemployment rate is 5.5%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $31,878 per acre. Suburban/urban lots under 1 acre have a median lot price of $14,500.
Does Reelvest buy land in Roanoke city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Roanoke city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.