Metro area index
Home appreciation in the Roanoke, VA metro area
FHFA HPI® data shows the Roanoke, VA metro area's all-transactions index changed +3.3% over the year to Q2 2026, versus +3.8% for Virginia and +3.0% for the U.S. That ranks 207th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.3%
- 5-year change
- +51.2%
- Since Q1 1995
- +245%
- Metro rank (1 year)
- 207th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Roanoke, VA vs Virginia and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Roanoke, VA: 345.4
- Virginia: 403.8
- United States: 391.6
Appreciation by time window
| Window | Metro | VA | U.S. | Gap vs VA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.3% | +3.8% | +3.0% | −0.4 pts | +0.3 pts |
| 3 years | +18.1% | +15.9% | +12.9% | +2.2 pts | +5.2 pts |
| 5 years | +51.2% | +44.1% | +41.3% | +7.2 pts | +10.0 pts |
| 10 years | +95.5% | +83.4% | +93.3% | +12.1 pts | +2.2 pts |
| Since Q1 1995 | +245% | +304% | +292% | −58.3 pts | −46.1 pts |
3-digit ZIP regions in the Roanoke, VA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 240 · Roanoke, VA area | VA | +4.9% | +50.0% | +252% | 57% |
| 241 · Salem, VA area | VA | +2.4% | +50.4% | +240% | 45% |
Boom, bust, and recovery in Roanoke, VA area
Roanoke, VA area's index peaked in Q1 2008, fell 12.3% to its low in Q4 2013, and regained its peak in Q2 2019, about 11.2 years after the top. Today it sits +78.7% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q4 2013 | -12.3% | Q2 2019 (11.2 yrs) | +78.7% |
| VA | Q2 2007 | Q2 2012 | -17.4% | Q2 2019 (12 yrs) | +66.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Roanoke, VA area's index has changed +56.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | VA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.5% | -0.1% | -0.8% |
| 3 years | +9.8% | +7.5% | +5.6% | +2.8% |
| 5 years | +24.0% | +21.9% | +16.2% | +13.9% |
| 10 years | +39.1% | +40.6% | +31.9% | +39.0% |
| Since Q1 1995 | +121% | +56.0% | +82.4% | +76.8% |
If you bought in the Roanoke, VA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +243% | $1,028,342 |
| Q2 2000 | +187% | $862,113 |
| Q2 2005 | +113% | $639,272 |
| Q2 2010 | +92.8% | $578,335 |
| Q2 2015 | +96.5% | $589,454 |
| Q2 2020 | +68.3% | $505,049 |
| Q2 2021 | +51.2% | $453,724 |
| Q2 2023 | +18.1% | $354,289 |
| Q2 2025 | +3.3% | $310,016 |
Frequently asked questions
- How much have home prices risen in the Roanoke, VA area?
- FHFA HPI® data for the Roanoke, VA metro area shows changes of +3.3% over one year, +51.2% over five years, and +95.5% over ten years to Q2 2026, and +245% since Q1 1995.
- Is the Roanoke, VA area beating the national average?
- Over the past year the metro's index moved +0.3 pts versus the U.S.; over five years the gap is +10.0 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.