Rent to Own Homes near Roanoke, VA

Top Reasons to Live in Roanoke VA

Housing Statistics

  • Before making a buying decision about this or any other city, buyers need to consider the overall marketplace. Roanoke is much like other areas of the country in which the housing market collapsed significantly between 2007 and 2010. However, it has rebounded, and you can find affordable, high-quality homes for sale here. There are also numerous areas of residential housing priced appropriately for rental homes. The average listing price for a home here is $228,641 for the week ending August 14, 2013. Compared to the previous year, this was a 2.5 percent increase in overall listing price value. The average sale price for a one-bedroom home was $150,951, and for a two-bedroom home it was $136,146. For three bedrooms, the sale price stood at $173,743, and for four-bedroom homes it reached $256,639. In addition to this information, home buyers in the Roanoke area may be interested in knowing a bit more about the financial and housing aspects of the city before searching for rent to own houses. The median household income here is $36,834. The annual residential turnover is 19 percent, and the median years in residence is three years. Close to 50 percent of homes are owner occupied, and the apartment vacancy rate hovers around 5 to 7 percent. This information can help buyers decide whether the area is ideal for a rental purchase.

Check out Roanoke, VA Craigslist homes for sale, for rent, and rent to own

Photo
Listing Type
Description
Price
Nearest
Details
3 Beds, 1 Bath on Riverdale Rd SE
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Roanoke, VA 24014

Accepting Offers

Price
Click for Deals
Nearest
School: Morningside Elem.
Grocery: Stop In Food Stores
Restaurant: Ms Nancy's
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4 Beds, 2 Baths on Highland Ave SE
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Roanoke, VA 24013

Accepting Offers

Price
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Nearest
School: Stonewall Jackson Middle School
Grocery: Star Valley Minute Mart
Restaurant: Eatwell Chili Shop
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3 Beds, 2 Baths on Russell Ave SW
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Roanoke, VA 24015

Accepting Offers

Price
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Nearest
School: Virginia Heights Elem.
Grocery: Stop In Food Stores
Restaurant: Bridge St Grille
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4 Beds, 1 Bath on Vancouver Dr NW
Listing Type
HUD Foreclosure
Description

4 Beds, 1 Bath

Roanoke, VA 24012

Accepting Offers

Price
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Nearest
School: Huff Lane Microvillage
Grocery: Nature's Outlet
Restaurant: Cheddar's Casual Cafe
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3 Beds, 1 Bath on Kennedy St NE
Listing Type
Fannie Mae/Freddie Mac
Description

3 Beds, 1 Bath

Roanoke, VA 24012

Accepting Offers

Price
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Nearest
School: Noel C. Taylor Lrning Academy
Grocery: Global Traders Llc
Restaurant: Bastions Bar Bq
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1 Bed, 1 Bath on 17th St SE
Listing Type
REO Foreclosure
Description

1 Bed, 1 Bath

Roanoke, VA 24013

Accepting Offers

Price
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Nearest
School: Fallon Park Elem.
Grocery: Alvaro's Market
Restaurant: D & G Mart
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3 Beds, 1 Bath on Meadowbrook Rd NW
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Roanoke, VA 24017

Accepting Offers

Price
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Nearest
School: Westside Elementary School
Grocery: K Food Store
Restaurant: Boddie-Noell Enterprises
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3 Beds, 1 Bath on Carter Rd SW
Listing Type
For Sale By Owner
Description

3 Beds, 1 Bath

Roanoke, VA 24015

Accepting Offers

Price
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Nearest
School: Patrick Henry High School
Grocery: Quickway Food Store
Restaurant: Healthy Stuff Cakery Cafe
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3 Beds, 1 Bath on Denniston Ave SW
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Roanoke, VA 24015

Accepting Offers

Price
Click for Deals
Nearest
School: Virginia Heights Elem.
Grocery: Roanoke Natural Foods Co-Op
Restaurant: 1 Stop Market
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  • School Systems The Roanoke City Public School system is the main provider of education here. The city has two main high schools: Patrick Henry High School and William Fleming High School. It has six public middle schools. The city is also home to several private schools, including North Cross, Roanoke Catholic, Community High School, and Vista Montessori. In terms of higher education, there are two colleges nearby, including Roanoke College and Hollins University. Other schools are easily accessible, including Virginia Tech and Virginia Western Community College.
  • Transportation and Commutes It's easy to get around this city and the region as a whole. Interstate 581 is the main highway through the city. Interstate 81 is the main thoroughfare in the northern portion. US Route 220 is also available and connects the city to Greensboro, North Carolina, and Martinsville. Other major routes through the city include US Route 221, State Route 117, State Route 101 and US Route 460. The Valley Metro is a public busing system serving the entire city. Additionally, RIDE Solutions is present here, which offers opportunities for biking assistance, carpooling matchups, and telework services for businesses and for citizens.
  • Neighborhoods When you're considering houses for sale in Roanoke, evaluate the individual neighborhoods. There are several areas that seem separate or have their own flare and style. Here are a few to consider: