The typical owner-occupied home in Roanoke is worth about $169,600, 22% below the Louisiana median of $216,500 and 49% below the national median of $332,700. Owners pay a median $489 a year in property taxes, about 0.29% of their home's value, lower than the Louisiana rate of 0.55%. 38% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Roanoke at a glance
| Roanoke | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $169,600 | $216,500 | $332,700 |
| Median property tax paid per year | $489 | $1,180 | $3,119 |
| Property tax as a share of value | 0.29% | 0.55% | 0.94% |
| Median household income | – | $60,756 | $80,734 |
| Homes lived in by their owners | 38% | 67% | 65% |
| Owner homes with a mortgage | 34% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,604 | $1,963 |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1978 | 1983 | 1980 |
| Vacant homes | 0.0% | 14.4% | 10.1% |
| Population | 482 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Roanoke
At this week's average 30-year rate of 7.11%, buying the median Roanoke home of $169,600 with 20% down costs about $1,024 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,307, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $43,902 for the 20%-down payment.
| Down payment | $33,920 |
|---|---|
| Loan amount | $135,680 |
| Principal and interest | $913 |
| Property taxes (0.29% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| PMI | $0 |
| Total per month | $1,024 |
Change the numbers in the calculator
| Down payment | $5,936 |
|---|---|
| Loan amount | $166,528 |
| Principal and interest | $1,120 |
| Property taxes (0.29% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| FHA mortgage insurance | $75 |
| Total per month | $1,307 |
Change the numbers in the calculator
Questions about home buying in Roanoke
What is the median home value in Roanoke?
About $169,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Roanoke?
Homeowners pay a median $489 a year, which is about 0.29% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Roanoke?
For the median home with 20% down at 7.11%, the payment is about $1,024 a month. Keeping that under 28% of gross income takes about $43,902 a year.
More about Roanoke
- Mortgage Refinance in Roanoke
- Debt Relief in Roanoke
- Home Equity Loans in Roanoke
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data