Market Overview
Home Prices in Roanoke, AL
The median home value in Roanoke, AL is $152,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Roanoke are priced63% below average. Roanoke is part of the LaGrange, GA-AL metro area.
Over the past five years, Roanoke home values have risen by approximately10.9%, reflecting steady appreciation in this market.
Price History
Roanoke Home Price Trend
City Comparison
Roanoke vs. National Median
At $152,166, homes in Roanoke cost 63% below the national median of $410,000. This makes Roanoke a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Roanoke?
20% Down Payment
$30,433
on $152,166
Monthly P&I
$794/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,008/mo
incl. taxes & insurance
Income Needed
$40,320
gross annual (30% rule)
10% Down Option
$15,217
+ PMI applies
Loan Amount (20% dn)
$121,733
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Roanoke, AL?
The median home value in Roanoke is $152,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Roanoke?
Over the past year, home values in Roanoke have increased by 1.8%. Over five years, prices have risen approximately 10.9%.
How much do I need to earn to buy a home in Roanoke?
To comfortably afford the median home price of $152,166 with a 20% down payment ($30,433) at today's rates (6.8%), you'd need a gross annual income of approximately $40,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Roanoke compare to the national average home price?
The national median home value is approximately $410,000. At $152,166, homes in Roanoke are 63% below the national average.
What metro area is Roanoke part of?
Roanoke is part of the LaGrange, GA-AL metropolitan area. Home prices and market conditions can vary across the broader metro region.