Home values in the Roanoke Valley tend to be lower than in many other parts of the country. The median home value in 2005 was significantly lower than the national median value.
Median Home Value (2005 American Community Survey):
| Roanoke MSA | $135,300 | |
| Roanoke County | $152,300 | |
| USA | $167,500 | |
| Virginia | $212,300 |
Cost of Living - Housing Component
The Cost of Living Index is researched and provided quarterly by ACCRA, a nonprofit organization promoting excellence in research for economic and community development. It provides a cost comparison of over 300 U.S. cities based on a number of components, including cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.