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Featured local agent — Roanoke, TX
Sarah Mitchell
Compass Real Estate · Roanoke, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Roanoke, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$580,000median sale price
How is the Roanoke, TX housing market right now?
The median home sale price in Roanoke, TX is $580,000, down 10.8% year-over-year. Homes sell in an average of 63 days with 34 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Roanoke a buyer's or seller's market?
Roanoke, TX is currently a balanced market, based on 2.3 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
63
Average pace
Active listings
34
2.3 months supply
Sale-to-list
95.7%
Below asking
What does the Roanoke housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $580,000 |
| Median list price | $725,000 |
| Year-over-year price change | -10.8% |
| Average days on market | 63 days |
| Active inventory | 34 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 17 |
| Listings with a price cut | 26.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Roanoke by property type?
How the Roanoke, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $577,500 | $248/sq ft | 14 | 55 days |
| Townhouse | $885,000 | $309/sq ft | 1 | 152 days |
Source: Redfin · Updated monthly
The Roanoke housing market is currently classified as a balanced market with a median sale price of $580,000. Prices have fallen 10.8% compared to last year, with homes spending an average of 63 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Roanoke
There are currently 34 homes listed for sale in Roanoke, Texas. The median listing price is $725K.
Active listings
34
Homes on market
Median list price
$725K
Avg. days on market
63
Days until sale
New this week
17
Newly listed
Who lives in Roanoke?
Population
9,947
Median income
$100,986/yr
Median age
38.9 years
Owner-occupied
55.7%
College grads
47.5%
Avg commute
27 min
Source: U.S. Census Bureau ACS
What are homes worth in Roanoke?
Zillow home value
$433,091
Zillow rent index
$1,612/mo
Price-to-rent ratio
22.4x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Roanoke?
Roanoke is a community of approximately 10K residents with a median age of 38.9 years.The median household income is $100,986, which reflects a relatively affluent area with strong earning potential. 47.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 55.7%, showing a blend of owner and renter-occupied properties. The average commute time is 27 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Roanoke offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Roanoke?
6 schools tracked · 3,921 students
The largest public schools serving Roanoke, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
JOHN M TIDWELL MIDDLE
Grades 6-8 · 1,051 students
WAYNE A COX EL
Grades PK-5 · 732 students
ROANOKE EL
Grades PK-5 · 704 students
J LYNDAL HUGHES EL
Grades PK-5 · 665 students
LAKEVIEW EL
Grades PK-5 · 512 students
JAMES M STEELE EARLY COLLEGE H S
Grades 9-12 · 257 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Roanoke, TX?
Want a head-to-head view? Compare Roanoke side-by-side with any other U.S. city using our market-comparison tool.
Is Roanoke a good real estate investment market?
For investors evaluating Roanoke, the price-to-rent ratio of 22.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Roanoke's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Roanoke's median home price.
Frequently asked questions
What is the average home price in Roanoke?
The median home sale price in Roanoke is $580,000, down 10.8% from last year.
How long do homes stay on market in Roanoke?
Homes typically spend 63 days on market before going under contract.
What is the median income in Roanoke?
The median household income is $100,986 per year.
Is Roanoke a buyer's or seller's market?
With 2.3 months of supply, Roanoke is currently a balanced market.
What is the Zillow home value estimate for Roanoke?
The Zillow Home Value Index (ZHVI) for Roanoke is $433,091, representing the typical home value in the area.
How much does a single-family home cost in Roanoke?
The median single-family home price in Roanoke, TX is $577,500 (about $248 per square foot).
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