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NextHome New River Valley
Mobile: 1-540-293-1053 Office: 1-540-293-1053
Website Agent Listings Contact Joel Humphreys
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Wainwright & Co., Realtors
Mobile: 1-585-287-4826 Office: 1-585-287-4826
Website Agent Listings Contact Rich Northrup
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Roanoke rentals are also available with ultra-modern amenities. Why don’t you reach out to licensed realtors in Roanoke VA to get the latest updates on the rental units listed on the market? Once you put your faith in these highly-trained local real estate agents in Roanoke VA, you can’t go wrong! They will deliver the best apartments, homes, and studios for you to rent in the city!
Generally speaking, Virginia excels in economic achievements. Our delightful city is no exception. The financial success story translates to a booming housing market in Roanoke. Lots of keen homebuyers and investors see potential in buying and selling property. So, this period marks the perfect timing for you to obtain the highest profits by selling your home in Roanoke. All you have to do is get in touch with the most excellent local real estate agents in Roanoke VA! Available 24/7, agents will undertake your property sale in Roanoke professionally. They work fast and efficiently, assuring you the highest income there is.
The local housing market has always been competitive, with real estate available in the price range between $140,000 and $230,000 since 2019.
Actually, the second half of 2022 may indicate a splendid time to buy a home in “Star City.” Skilled local real estate agents in Roanoke VA reported that the median property sale price was approximately $216,000 as of May 2022. Compared to last year’s numbers, agents highlighted an increase of about 17 percent. Thus, homes are in high demand in the region, even if homebuyers have to pay a somewhat heftier price. Interestingly, Roanoke properties are more affordable by 46 percent than the Virginia average. Besides, you can rent a unit for about 34 percent less than the state median.
We have excellent news for home sellers as well. Suppose you intend to sell real estate in “Magic City” quickly. Then, you won’t have to wait too long for a decent offer. Roanoke properties sell for approximately seven days on the market (as opposed to 48 days in 2021). And you have absolute chances to sell your property above the list price by three to eight percent. So what’s stopping you from contacting trained local realtors in Roanoke VA, to undertake your home sale?
Virginia, in general, can’t complain about the lack of economic diversity and prospects. Roanoke is a fine example of this solid and well-maintained economy. As reported at the end of 2021, the unemployment rate in the city jibed with the national average of six percent. However, the job market in Roanoke is rising with a 1.6 percent growth. Additionally, future job growth is predicted to reach the American average of about 30 percent in the next decade. Still, the individual and median household incomes are momentarily below the national values.
Top local real estate agents in Roanoke VA will quickly enlighten you about another significant advantage of living in their charming town. The cost of living in Roanoke is cheaper by around 16 percent than the US average. Besides, it’s twenty percent more cost-effective than the Virginia average. Thus, you won’t have to pay a fortune for utilities, transportation, median home costs, and groceries.
The economic arena is centered around traditional furniture, textiles manufacturing, and the garment industry. In addition, the healthcare industry and retail trade offer plenty of employment opportunities. Indisputably, the Norfolk Southern Railway constitutes one of the top employers in the region, along with Carilion Roanoke Memorial Hospital, FreightCar America, the Virginia Transformer Corporation, and RGC Resources. The list of companies deciding to establish a headquarters in Roanoke is continuously growing. If you contact realtors in Roanoke VA, they can give an accurate update on the state of the local economy and job market.
Roanoke is an autonomous city, meaning it does not belong to any county. It’s located in the Commonwealth of Virginia, in the Roanoke Valley. Plus, the town benefits from being part of the Roanoke Metropolitan Statistical Area. As such, it was shaped as the cultural and commercial hub of the southern and southwest parts of the state. The Magic City has an area of 42.85 square miles. In 2022, its population counted about 99,500 souls.
Knowledgeable local real estate agents in Roanoke VA will recommend a bunch of places you can’t miss once you move to the city. For starters, Virginia's Blue Ridge Mountains are a sight to behold. It goes without saying that adrenaline and adventure-seekers will find fun things to do in the area, such as paddling, hiking, cycling, or exploring the Blue Ridge Parkway. Did we mention that you can take an aerial adventure course? Suppose you’re a history and railroad heritage fanatic, in that case, we suggest you see the mind-blowing Virginia Museum of Transportation.
For a comprehensive journey in the astounding Roanoke Valley jazzed by famous festivals and events, realtors in Roanoke VA suggest subscribing to Virginia’s Blue Ridge Cheers Trail. There’s no shortage of jaw-dropping things to do in the city. After discovering Natural Bridge State Park, you can shop in Grandin Village. Black Dog Salvage promises a spectacular family-friendly excitement hunting for treasures. And, believe us, this is merely the tip of the iceberg!
Realtors in Roanoke VA pride themselves on living in a city with an exceptional livability rating. They will point out that the Star City of the South provides newcomers with all the essential benefits. First and foremost, it offers affordable housing options, a low cost of living, and an excellent educational system. Secondly, the local economy and job market show gradual and constant expansion. Besides, the place presents countless adventures in the nearby mountains and the attractive downtown. The climate is pleasant all year round so you can travel and have fun with your family or friends. On the downside, Roanoke’s crime rates are moderately higher than the state average. Still, it’s characteristic of only a few neighborhoods.
Let’s address the ultimate question: is it worth moving to the area? Residents and outstanding local real estate agents in Roanoke VA will corroborate in unison that the Magic City lives up to its name, and it’s a great place to live!