Roanoke, AL—36274
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roanoke, AL
Roanoke, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $140,000 | 2.5% |
| Single Family | $140,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $179,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Roanoke, AL
Roanoke, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Roanoke, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Roanoke, AL is 63. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $141,000 | -28.0% |
Listing Count | 31 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 63 | -8.0% |
Demographics — Roanoke, AL
As of the latest ACS Survey released in 2023, Roanoke, AL has a population of 9,830, which has decreased by -13.0% over the past 5 years. Roanoke, AL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,830 | -13.0% |
% Under 18 | 20.1% | -6.1% |
% Seniors | 23.6% | 26.9% |
% WFH | 2.7% | 92.9% |
% w/ College Degree | 18.0% | 19.2% |
As of the latest ACS Survey released in 2023, Roanoke, AL is a predominantly white area, with 63.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Roanoke, AL is black, making up 29.5% of the population. Foreign-born residents account for 1.3% of the population in Roanoke, AL, and this percentage has decreased by 18.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.9% | -8.1% |
% Black | 29.5% | 8.1% |
% Hispanic | 1.7% | -22.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | -18.8% |
Mortgage and Risk — Roanoke, AL
According to HUD data as of 2023, there were 90 mortgage originations in Roanoke, AL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Roanoke, AL. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Roanoke, AL
Roanoke, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 121 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Roanoke, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $140,000 |
| Median Household Income | $43,700 |