Is Roanoke, VA a good place to invest in rental property?

Roanoke, VA has a median modeled monthly cash flow of $-414 and a median cap rate of 4.2%, on a median sold price of $245,000. Prices changed +3.7% year over year.

What is the average cap rate in Roanoke, VA?

The median cap rate across recently sold homes in Roanoke, VA is 4.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Roanoke, VA?

The median sold price in Roanoke, VA is $245,000 (about $141 per square foot).

Investing in Roanoke, VA Real Estate

A data-driven snapshot of the Roanoke, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$245,000Median sold price

$141Median $/sqft

4.2%Median cap rate

$-414Modeled cash flow / mo

+3.7%Appreciation YoY

6.2Months of supply

784Active listings

1,528Sold (last 12 mo)

What the Roanoke numbers say

In Roanoke, VA, the median home sold for $245,000 (about $141 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-414 of monthly cash flow. Sold prices moved +3.7% over the past year. Inventory sits at about 6.2 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Roanoke cash-flowing listings

CashFlowRE ranks every for-sale home in Roanoke, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Roanoke deals, or browse the national market data.