Roanoke, TX—76262
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roanoke, TX
As of Oct '25, the median home price in Roanoke, TX is $609,000, with a year-over-year change of -2.0%. This indicates that home prices in Roanoke, TX are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $609,000 | -2.0% |
| Single Family | $609,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $317,000 | -1.2% |
3 Bed | $470,000 | -2.3% |
4 Bed | $655,000 | -2.2% |
| 5 Bed | $1,085,000 | -0.6% |
% of Housing Stock
Rental Trends — Roanoke, TX
As of July '25, Rentcast reports the average rent in Roanoke, TX is $2,190, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Roanoke, TX is studios: $1,340, 1-bedrooms: $1,500, 2-bedrooms: $1,860, 3-bedrooms: $2,670, 4-bedrooms: $3,640. The most common rental property sizes in Roanoke, TX are 1-bedroom and 2-bedroom, accounting for 42.8% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $2,190 |
| Studio Rent | $1,350 | $1,340 |
| 1 Bed Rent | $1,410 | $1,500 |
| 2 Bed Rent | $1,800 | $1,860 |
| 3 Bed Rent | $2,250 | $2,670 |
| 4 Bed Rent | $3,300 | $3,640 |
% of Rental Stock
Property Listings — Roanoke, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Roanoke, TX is 63. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $854,000 | 7.0% |
Listing Count | 258 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 63 | 15.0% |
Demographics — Roanoke, TX
As of the latest ACS Survey released in 2023, Roanoke, TX has a population of 43,600, which has increased by 17.2% over the past 5 years. Roanoke, TX is a popular place for families, as children make up 28.6% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,600 | 17.2% |
% Under 18 | 28.6% | -2.4% |
% Seniors | 9.4% | -12.1% |
% WFH | 21.0% | 110.0% |
% w/ College Degree | 58.2% | 8.4% |
As of the latest ACS Survey released in 2023, Roanoke, TX is a predominantly white area, with 66.9% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Roanoke, TX is hispanic, making up 15.5% of the population. Foreign-born residents account for 11.5% of the population in Roanoke, TX, and this percentage has increased by 35.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.9% | -12.8% |
% Black | 5.2% | 36.8% |
% Hispanic | 15.5% | 31.4% |
% Asian | 7.1% | 36.5% |
% Foreign Born | 11.5% | 35.3% |
Mortgage and Risk — Roanoke, TX
According to HUD data as of 2023, there were 351 mortgage originations in Roanoke, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Roanoke, TX. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Roanoke, TX
As of 2024, the percent of homes in Roanoke, TX under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Roanoke, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 168 |
Total Units Section 8 | 168 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,410 | $1,720 |
| 2 Bedroom | $210 | $1,800 | $2,010 |
| 3 Bedroom | $310 | $2,250 | $2,560 |
| 4 Bedroom | -$60 | $3,300 | $3,240 |
Affordability — Roanoke, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $609,000 |
| Median Household Income | $143,000 |