How much house does $500,000 buy you in Roanoke?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Roanoke?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Roanoke right now. Listings below $500,000 were included if necessary.
1002 Roanoke Blvd, Salem, VA 24153
- Price: $485,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,573
- See 1002 Roanoke Blvd, Salem, VA 24153 on Redfin.com
4127 Mockingbird Hill Rd, Roanoke, VA 24012
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,790
- See 4127 Mockingbird Hill Rd, Roanoke, VA 24012 on Redfin.com
1263 N Mill Rd, Salem, VA 24153
- Price: $485,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,160
- See 1263 N Mill Rd, Salem, VA 24153 on Redfin.com
6334 Cotton Hill Rd, Roanoke, VA 24018
- Price: $484,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,080
- See 6334 Cotton Hill Rd, Roanoke, VA 24018 on Redfin.com
280 Hillcrest Dr, Rocky Mount, VA 24151
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,900
- See 280 Hillcrest Dr, Rocky Mount, VA 24151 on Redfin.com
5226 N Spring Dr, Roanoke, VA 24019
- Price: $499,988
- 4 bedrooms, 3 bathrooms
- Square feet: 4,748
- See 5226 N Spring Dr, Roanoke, VA 24019 on Redfin.com
4131 Snowbird Cir, Roanoke, VA 24018
- Price: $479,950
- 4 bedrooms, 3 bathrooms
- Square feet: 3,696
- See 4131 Snowbird Cir, Roanoke, VA 24018 on Redfin.com
220 N Broad St, Salem, VA 24153
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,412
- See 220 N Broad St, Salem, VA 24153 on Redfin.com
1713 Ashbury Ct, Roanoke, VA 24012
- Price: $499,950
- 4 bedrooms, 3 bathrooms
- Square feet: 3,403
- See 1713 Ashbury Ct, Roanoke, VA 24012 on Redfin.com
3030 Bancroft Dr Sw, Roanoke, VA 24014
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,221
- See 3030 Bancroft Dr Sw, Roanoke, VA 24014 on Redfin.com
3111 Belle Ave Ne, Roanoke, VA 24012
- Price: $484,950
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,396
- See 3111 Belle Ave Ne, Roanoke, VA 24012 on Redfin.com
2808 Russlen Dr, Salem, VA 24153
- Price: $479,950
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,033
- See 2808 Russlen Dr, Salem, VA 24153 on Redfin.com
1429 Crutchfield St, Roanoke, VA 24019
- Price: $489,950
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,000
- See 1429 Crutchfield St, Roanoke, VA 24019 on Redfin.com
2506 Rosalind Ave Sw, Roanoke, VA 24014
- Price: $498,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,721
- See 2506 Rosalind Ave Sw, Roanoke, VA 24014 on Redfin.com
1615 Deyerle Rd Sw, Roanoke, VA 24018
- Price: $500,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 3,627
- See 1615 Deyerle Rd Sw, Roanoke, VA 24018 on Redfin.com
5508 Rome Dr, Roanoke, VA 24019
- Price: $489,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,575
- See 5508 Rome Dr, Roanoke, VA 24019 on Redfin.com
389 Carroll Dr, Hardy, VA 24101
- Price: $499,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,051
- See 389 Carroll Dr, Hardy, VA 24101 on Redfin.com
120 Nyle Ridge Rd, Wirtz, VA 24184
- Price: $495,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,030
- See 120 Nyle Ridge Rd, Wirtz, VA 24184 on Redfin.com
2141 Kings Walk Dr Ne, Roanoke, VA 24012
- Price: $489,950
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,387
- See 2141 Kings Walk Dr Ne, Roanoke, VA 24012 on Redfin.com
1609 Center Hill Dr Sw, Roanoke, VA 24015
- Price: $485,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,216
- See 1609 Center Hill Dr Sw, Roanoke, VA 24015 on Redfin.com
81 Belvior Cir, Moneta, VA 24121
- Price: $495,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,844
- See 81 Belvior Cir, Moneta, VA 24121 on Redfin.com
199 Jamestown Rd, Daleville, VA 24083
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 4,176
- See 199 Jamestown Rd, Daleville, VA 24083 on Redfin.com
322 E Main St, Fincastle, VA 24090
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,158
- See 322 E Main St, Fincastle, VA 24090 on Redfin.com
3840 White Church Rd, Fincastle, VA 24090
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,791
- See 3840 White Church Rd, Fincastle, VA 24090 on Redfin.com
6000 Ferrum Mountain Rd, Callaway, VA 24067
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,234
- See 6000 Ferrum Mountain Rd, Callaway, VA 24067 on Redfin.com
2145 Kings Walk Dr Ne, Roanoke, VA 24012
- Price: $489,950
- 3 bedrooms, 2 bathrooms
- Square feet: 1,843
- See 2145 Kings Walk Dr Ne, Roanoke, VA 24012 on Redfin.com
320 Periwinkle Rd, Moneta, VA 24121
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,800
- See 320 Periwinkle Rd, Moneta, VA 24121 on Redfin.com
6450 Scruggs Rd, Moneta, VA 24121
- Price: $479,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,707
- See 6450 Scruggs Rd, Moneta, VA 24121 on Redfin.com
290 Sailors Cove Dr, Moneta, VA 24121
- Price: $485,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,245
- See 290 Sailors Cove Dr, Moneta, VA 24121 on Redfin.com
845 Gangplank Rd, Moneta, VA 24121
- Price: $495,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,040
- See 845 Gangplank Rd, Moneta, VA 24121 on Redfin.com
