In Roanoke, a typical home is worth $154,300 and typical rent is $666 a month. Compared with all of Randolph County, the typical home value is 15% lower, typical household income is 10% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $138,145 to $146,874.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Roanoke is in Randolph County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Randolph County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Lanett, the typical home value is $95,600: 38% less than in Roanoke ($154,300).
2
Roanoke has the 6th lowest typical rent of the 117 cities in Alabama with more than 5,000 people ($666).
3
The typical home in Roanoke is worth $154,300,15% less than in Randolph County as a whole ($181,600).
4
67% of households in Roanoke own their home, against 77% in Randolph County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Roanoke
What homes there are in Roanoke, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Roanoke
Randolph County
Alabama
United States
Kind of home: Roanoke and its comparisons
Measure
Roanoke
Randolph County
Alabama
United States
Detached house
72%
69%
69%
61%
Attached house
Unreliable estimate
Unreliable estimate
2%
6%
Building of 2 to 4
Unreliable estimate
3%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
12%
19%
Mobile home
12%
24%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 72% of homes here, against 69% in Randolph County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Roanoke
Randolph County
Alabama
United States
Year built: Roanoke and its comparisons
Measure
Roanoke
Randolph County
Alabama
United States
Before 1960
22%
16%
16%
26%
1960–1979
32%
24%
26%
24%
1980–1999
37%
34%
29%
25%
2000–2009
Unreliable estimate
16%
15%
14%
2010 or later
Unreliable estimate
10%
13%
11%
Homes in Roanoke are older: the typical year built is 1978; in Randolph County, 1986.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K35%
$100K–$200K27%
$200K–$300K22%
$300K–$500K16%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Roanoke and its comparisons
Measure
Roanoke
Under $100K
35%
$100K–$200K
27%
$200K–$300K
22%
$300K–$500K
16%
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
The FHA limit for Randolph County is high ($541,287): at least 99% of owner-occupied homes in Roanoke are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50033%
$500–$99958%
HUD fair market rent, 2 bedrooms: $923
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Roanoke and its comparisons
Measure
Roanoke
Under $500
33%
$500–$999
58%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
HUD's 2-bedroom fair market rent (FMR) for Randolph County is $923; about 82% of rents in Roanoke are below it.
With a mortgage
$1,152 a month
Randolph County: $1,271 a month
Without a mortgage
$506 a month
Randolph County: $427 a month
Owners with a mortgage
37%
Randolph County: 39%
In Roanoke, 37% of owners have a mortgage, and their typical cost is $1,152 a month, against $1,271 in Randolph County. Without one it drops to $506.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Roanoke+80%
Randolph County+89%
Alabama+47%
United States+53%
Typical rent
RoanokeNo clear change
Randolph County+14%
Alabama+27%
United States+33%
Typical household income
RoanokeNo clear change
Randolph County+21%
Alabama+27%
United States+29%
Change since 2015–2019: Roanoke and its comparisons
Measure
Roanoke
Randolph County
Alabama
United States
Typical home value
+80%
+89%
+47%
+53%
Typical rent
No clear change
+14%
+27%
+33%
Typical household income
No clear change
+21%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Roanoke rose 80%; in Randolph County, it rose 89%.
The typical rent in Roanoke stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Roanoke and its comparisons
Measure
Roanoke
Randolph County
Alabama
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
7.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.7%
3.4%
People per household
2.21
2.37
2.48
2.53
Drive alone
81%
81%
81%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
Unreliable estimate
7%
9%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Roanoke has 2.21 people, fewer than in Randolph County (2.37).
To get to work, 81% of workers in Roanoke drive alone; in Randolph County, 81%.
Do the math
What would you pay each month for a home in Roanoke?
A typical home is tight for the typical income
We start with a typical home in Roanoke, worth $154,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Roanoke, which is $47,105 a year. For that payment to be 28% of income, a household would need to earn about $51,485 a year.
The calculator's FHA and conventional loan limits are those of all of Randolph County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Roanoke. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,401 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,201
at 7.18% · 30 years
Loan amount
$151,505
Total interest
$217,980
Paid off in
November 2056
Includes $2,606 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,099 a month
Tight
$1,099 to $1,413 a month
Your payment · 31%
Hard
more than $1,413 a month
Compared with the typical household income in Roanoke ($47,105 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,026
Property tax
$42
Home insurance
$64
FHA mortgage insurance (MIP)
$68
You need at least $5,401 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,201; principal and interest $1,026.
The city and its county
Roanoke and Randolph County
Roanoke is in Randolph County, Alabama. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Roanoke
Map of Randolph County, Alabama, with Roanoke marked. Around it, the neighboring counties.
Roanoke
Randolph County
Roanoke's own numbers
Typical home value
$154,300
Typical monthly rent
$666
Typical yearly household income
$47,105
Households that own their home
67%
Effective property tax rate
0.33%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Randolph County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$923
Price change over 5 years (FHFA)
+72%
Homes in a high flood-risk zone
0.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Randolph County.
A typical home in Roanoke is worth $154,300: 15% below the county and 26% below Alabama. With the typical household income in Roanoke ($47,105 a year), a typical home costs 3.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Roanoke3.3 years
Randolph3.5 years
Alabama3.3 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Randolph County
According to FHFA’s house price index, home prices in Randolph County rose 103% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Randolph County.
Yearly change in FHFA’s price index in Randolph County, 2016 to 2025
2016: +0.5% +0.5% 2016
2017: +6.1% +6.1% 2017
2018: +0.1% +0.1% 2018
2019: +4.7% +4.7% 2019
2020: +5.3% +5.3% 2020
2021: +10.8% +10.8% 2021
2022: +17.2% +17.2% 2022
2023: +22.3% +22.3% 2023
2024: −10.2% −10.2% 2024
2025: +20.8% +20.8% 2025
Change in FHFA’s price index in Randolph County, Alabama and the United States
Period
County
Alabama
U.S.
Last year (2025)
+20.8%
+2.5%
+2.9%
5 years (2020–2025)
+72%
+47%
+47%
10 years (2015–2025)
+103%
+77%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Roanoke next to Randolph County, Alabama and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Roanoke$154,300
Randolph$181,600
Alabama$209,900
United States$332,700
Typical monthly rent
Roanoke$666
Randolph$708
Alabama$1,007
United States$1,413
Typical yearly household income
Roanoke$47,105
Randolph$52,338
Alabama$63,999
United States$80,734
See the full table
Roanoke next to Randolph County and Alabama
Measure
Roanoke
Randolph County
Alabama
U.S.
Typical home value
$154,300 ▼15% below the county
$181,600
$209,900
$332,700
Typical monthly rent
$666 ▼6% below the county
$708
$1,007
$1,413
Typical yearly household income
$47,105 ▼10% below the county
$52,338
$63,999
$80,734
Households that own their home
67% ▼10 points below the county
77%
70%
65%
Typical yearly property tax
$515 ▲14% above the county
$452
$788
$3,119
Effective property tax rate
0.33% ▲0.08 points above the county
0.25%
0.38%
0.94%
Renters with high rent for their income
41% ▼6 points below the county
47%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Randolph County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Roanoke
For a typical $154,300 home in Roanoke, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Roanoke's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,201a month
Least cash to close
Down payment
$5,401
Cash to close
$10,030
Rate
7.18%
Mortgage insurance
FHA MIP · $68
Conventional, 5% down$1,173a month
Down payment
$7,715
Cash to close
$12,344
Rate
7.18%
Mortgage insurance
PMI · $73
Conventional, 20% down, no PMI$943a month
Down payment
$30,860
Cash to close
$35,489
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,086a month
Down payment
$23,145
Cash to close
$27,774
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Roanoke
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,201
$5,401
$151,505
7.18%
FHA MIP · $68
$10,030
580
Conventional, 5% down
$1,173
$7,715
$146,585
7.18%
PMI · $73
$12,344
620*
Conventional, 20% down, no PMI
$943
$30,860
$123,440
7.18%
None
$35,489
620*
ITIN, 15% down (example)
$1,086
$23,145
$131,155
8.18%
None
$27,774
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Roanoke is $666 a month: 6% below the county. In Roanoke, 41% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Randolph County, by unit size. To pay the 2-bedroom one ($923 a month) without spending more than 30% of your income, you would need to earn $17.75 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Randolph County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$722
$13.88
$28,880
1 bedroom
$748
$14.38
$29,920
2 bedrooms
$923
$17.75
$36,920
3 bedrooms
$1,100
$21.15
$44,000
4 bedrooms
$1,245
$23.94
$49,800
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Roanoke
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Roanoke is in ZIP code 36274.
For 2 bedrooms it is $920: $3 less than the fair market rent for Randolph County ($923).
Fair market rent by ZIP code and size in Roanoke, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
36274
$720
$750
$920
$1,140
$1,240
ZIP code2 bd3 bd
36274 $920$1,140
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Roanoke when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 6 buildings with rents for lower incomes in Roanoke. These are the largest.
Harvey Enloe Homes305 Avenue A, Roanoke 3627450 low-income homes · Run by Housing Authority of the City of Roanoke, AL · Average payment: $260 a month · Average wait: 13 months(334) 863-4513
Knollwood Retirement Center1725 Highway 431, Roanoke 3627450 low-income homes · For older adults(334) 863-2415
Alfred Radney Apts241 County Road 79, Roanoke 3627442 low-income homes · 2 bd: 24 · 3 bd: 18 · In service since 1999 · For people with disabilities, families
Wellington Terrace149 County Road 79, Roanoke 3627436 low-income homes · 1 bd: 4 · 2 bd: 24 · 3 bd: 8 · In service since 2010 · For people with disabilities, families
Roanoke Arms Apartments364 Field St, Roanoke 3627435 low-income homes · For families(334) 863-8813
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Randolph County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Roanoke or Randolph County. The ones below are statewide in Alabama: they work in Roanoke the same as in the rest of the state.
Alabama state authority program with down payment assistance of 4% of the price (up to $10,000) as a 10-year second mortgage, alongside a 30-year fixed mortgage.Offered by Alabama Housing Finance Authority (AHFA).
Alabama state authority 30-year low-rate mortgage, for first-time buyers and for people who have owned a home before, with down payment assistance of 4% of the price, up to $10,000, as a ten-year second mortgage.Offered by Alabama Housing Finance Authority (AHFA).
Alabama state authority grant for closing costs with an HFA Advantage conventional loan: 1% of the loan if you earn up to 50% of the area median, or half a percent if you earn 50% to 80%.Offered by Alabama Housing Finance Authority (AHFA).
No legal help resource on our list is for Roanoke or Randolph County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Roanoke and all of Randolph County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Roanoke?
The typical home value in Roanoke is $154,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Randolph County it is $181,600.
How much does it cost to rent in Roanoke?
Typical rent in Roanoke is $666 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Randolph County is $923.
What is the FHA loan limit in Roanoke?
Roanoke uses the FHA limit for all of Randolph County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Roanoke?
The typical homeowner in Roanoke pays $515 a year, according to the U.S. Census Bureau. That is 0.33% of the home’s value; in Randolph County, the rate is 0.25%.
Where can I find free help to buy or rent in Roanoke?
We found no HUD-approved counseling agencies with an office in Randolph County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
