48Alpha

Roanoke City County, VA Housing Market Brief

county · VA · as of August 2026

Balanced

What is Roanoke City County, VA’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-1.242
Inventory Health25%
-6.244
Affordability20%
+4.543
Economic Strength20%
58
Rental Yield15%
-3.954

Where is Roanoke City County, VA in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Roanoke City County, VA is classified as Declining cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Roanoke City County, VA?

Our model forecasts Roanoke City County, VA’s home prices to rise about 1.6% over the next 12 months (high confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Roanoke City County, VA housing market data

MetricValueYoY
Median Sale Price$244K-5.4%
Median Days on Market19 days▲ +35.7%
Months of Supply3.2▲ +23.1%
Homes for Sale364▲ +18.6%
Homes Sold116-5.7%
Median Price / Sq Ft$131-13%

How has Roanoke City County, VA’s Alpha Score moved?

Now: 48
12-period trend
Median sale price · 12 mo

Markets like Roanoke City County, VA

Frequently asked questions

Is Roanoke City County, VA a buyer's or seller's market?

As of August 2026, Roanoke City County, VA is classified as a Balanced Market, based on its Alpha Score of 48 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Roanoke City County, VA?

The median sale price in Roanoke City County, VA is $244K, having fallen 5.4% over the past year.

How affordable is Roanoke City County, VA?

Roanoke City County, VA scores 43 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Roanoke City County, VA's Alpha Score?

Roanoke City County, VA's strongest dimension is Economic Strength (58/100) and its weakest is Price Momentum (42/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Roanoke City County, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.