Roane County, West Virginia Housing Market Prices
Roane County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% above the West Virginia median More expensive than 72% of counties in West Virginia$116,776
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Median rent 30% below the West Virginia median Among the top 5 cheapest counties in West Virginia$614
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Roane County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,776 | $94,699 | $248,835 |
| Price Trend (Annual %) | 62.3% | 1.7% | 7.5% |
| Median Gross Rent | $614 | $871 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roane County is about 23% higher than in West Virginia. Rent is about 30% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Roane County, up about 62.3% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Roane County rose about 34.7% between 2015 and 2024, from $456 to $614. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Roane County.
Buying the median-priced home in Roane County costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Roane County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Roane County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,776 | $94,699 | $248,835 |
| Median Household Income | $45,941 | $59,640 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Roane County rose about 44.3%, while median household income rose about 55.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Roane County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 63.3% | 58.5% |
| Rental Rate | 16.9% | 21.3% | 31.2% |
| Vacancy Rate | 20.2% | 15.4% | 10.2% |
| Median Tenure (years) | 20.0 | 18.0 | 15.0 |
| Median Year Moved In | 2006 | 2008 | 2011 |
Roane County has a homeownership rate of 63.0%, about the same as the West Virginia average of 63.3%. Its housing vacancy rate is 20.2%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Roane County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Roane County was built around 1977. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 20.0 years on average.
Roane County, WV Housing Compared With Nearby Counties
How Roane County, WV compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Roane County, WV | 13,786 | $116,776 #2/3 | $614 #3/3 | 78.9% #1/3 |
| Jackson County, WV | 27,705 | $257,954 | $716 | 78.6% |
| Kanawha County, WV | 176,529 | $85,645 | $906 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Roane County, West Virginia.
What is the median home price in Roane County, West Virginia?
The median home price in Roane County, West Virginia is $116,776, higher than the West Virginia average of $94,699.
What is the average home price in Roane County, West Virginia?
The typical home price in Roane County, West Virginia, reported as the median sale price, is $116,776. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Roane County, West Virginia?
The median gross rent in Roane County, West Virginia is $614 per month, lower than the West Virginia average of $871.
What was the median gross rent in Roane County in 2020?
In 2020, the median gross rent in Roane County, West Virginia was $501 per month.
What is the price-to-rent ratio in Roane County, West Virginia?
The price-to-rent ratio in Roane County, West Virginia is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Roane County.
Are home prices or rent rising faster in Roane County, West Virginia?
Both home prices and rent are rising in Roane County, up about 62.3% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roane County, West Virginia?
63.0% of households in Roane County, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Roane County, West Virginia?
The housing vacancy rate in Roane County, West Virginia is 20.2%, higher than the West Virginia average of 15.4%.
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