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1 / 22#22. Daleville, VA
- 1-year price change: +$4,517 (+1.0%)
- 5-year price change: +$75,692 (+20.9%)
- Typical home value: $438,116 (#4 most expensive city in metro)
Cities with the fastest-growing home prices in the Roanoke metro area
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The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the most expensive homes in the Roanoke, VA metro area using data from . Charts show the monthly typical home value since January 2018.
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2 / 22#21. Roanoke, VA
- 1-year price change: +$7,071 (+2.6%)
- 5-year price change: +$69,881 (+33.4%)
- Typical home value: $279,227 (#14 most expensive city in metro)
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3 / 22#20. Cloverdale, VA
- 1-year price change: +$8,218 (+2.8%)
- 5-year price change: +$62,948 (+26.3%)
- Typical home value: $301,962 (#13 most expensive city in metro)
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4 / 22#19. Covington, VA
- 1-year price change: +$8,511 (+5.3%)
- 5-year price change: +$44,477 (+35.8%)
- Typical home value: $168,868 (#21 most expensive city in metro)
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5 / 22#18. Henry, VA
- 1-year price change: +$9,180 (+4.3%)
- 5-year price change: +$45,955 (+25.8%)
- Typical home value: $224,307 (#18 most expensive city in metro)
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6 / 22#17. Buchanan, VA
- 1-year price change: +$9,515 (+4.5%)
- 5-year price change: +$26,535 (+13.8%)
- Typical home value: $219,134 (#19 most expensive city in metro)
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7 / 22#16. Penhook, VA
- 1-year price change: +$9,913 (+2.0%)
- 5-year price change: +$89,307 (+21.7%)
- Typical home value: $501,810 (#2 most expensive city in metro)
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8 / 22#15. Wirtz, VA
- 1-year price change: +$9,916 (+2.3%)
- 5-year price change: +$100,277 (+29.6%)
- Typical home value: $438,757 (#3 most expensive city in metro)
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9 / 22#14. Eagle Rock, VA
- 1-year price change: +$11,136 (+8.5%)
- 5-year price change: $-6,204 (-4.2%)
- Typical home value: $142,336 (#22 most expensive city in metro)
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10 / 22#13. New Castle, VA
- 1-year price change: +$11,501 (+5.6%)
- 5-year price change: +$39,970 (+22.6%)
- Typical home value: $216,660 (#20 most expensive city in metro)
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11 / 22#12. Salem, VA
- 1-year price change: +$12,122 (+4.1%)
- 5-year price change: +$74,451 (+31.6%)
- Typical home value: $310,395 (#12 most expensive city in metro)
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12 / 22#11. Ferrum, VA
- 1-year price change: +$12,517 (+5.1%)
- 5-year price change: +$70,966 (+37.5%)
- Typical home value: $260,370 (#16 most expensive city in metro)
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13 / 22#10. Troutville, VA
- 1-year price change: +$12,565 (+3.7%)
- 5-year price change: +$60,540 (+21.0%)
- Typical home value: $348,420 (#6 most expensive city in metro)
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14 / 22#9. Rocky Mount, VA
- 1-year price change: +$13,089 (+5.0%)
- 5-year price change: +$76,754 (+38.4%)
- Typical home value: $276,448 (#15 most expensive city in metro)
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15 / 22#8. Gladehill, VA
- 1-year price change: +$14,584 (+4.9%)
- 5-year price change: +$88,226 (+39.5%)
- Typical home value: $311,380 (#11 most expensive city in metro)
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16 / 22#7. Bent Mountain, VA
- 1-year price change: +$17,061 (+5.2%)
- 5-year price change: +$103,785 (+43.2%)
- Typical home value: $344,287 (#7 most expensive city in metro)
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17 / 22#6. Boones Mill, VA
- 1-year price change: +$17,212 (+5.5%)
- 5-year price change: +$87,740 (+35.9%)
- Typical home value: $332,171 (#8 most expensive city in metro)
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18 / 22#5. Callaway, VA
- 1-year price change: +$19,119 (+6.2%)
- 5-year price change: +$79,222 (+32.0%)
- Typical home value: $326,528 (#10 most expensive city in metro)
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19 / 22#4. Fincastle, VA
- 1-year price change: +$20,026 (+6.5%)
- 5-year price change: +$57,110 (+21.0%)
- Typical home value: $329,451 (#9 most expensive city in metro)
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20 / 22#3. Union Hall, VA
- 1-year price change: +$20,095 (+2.4%)
- 5-year price change: +$258,585 (+42.8%)
- Typical home value: $862,244 (#1 most expensive city in metro)
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21 / 22#2. Catawba, VA
- 1-year price change: +$27,154 (+8.1%)
- 5-year price change: +$95,590 (+35.7%)
- Typical home value: $363,664 (#5 most expensive city in metro)
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22 / 22#1. Copper Hill, VA
- 1-year price change: +$36,639 (+17.1%)
- 5-year price change: +$88,261 (+54.3%)
- Typical home value: $250,752 (#17 most expensive city in metro)
