How much is a home worth in ZIP code 24017?

The typical home in 24017 is worth $186,132, based on the Zillow Home Value Index.

Are home values rising in 24017?

Home values in 24017 are up 2.2% over the past year, and up 8.1% a year over five years.

What is the typical rent in 24017?

A typical home in 24017 rents for about $1,302 a month, a gross rental yield of 8.4%.

What is the property tax rate in 24017?

The effective property tax rate in 24017 is 1.0% — roughly $1,948 a year on a typical home.

ZIP code 24017 has a population of 23,678 and a median household income of $47,360.

HousingHandbookReference data

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U.S. ZIP Code · VA24017

Roanoke city · Roanoke, VA

Typical home value

$186,132^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +8.1%
10-year / yr: +8.6%

Relative price

vs U.S.: -34.5%
vs metro: -39.3%
vs state: -43.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 24017 is worth $186,132 — 39.3% below the Roanoke, VA median. Over the past year, values have risen 2.2%. Homes here rent for a typical $1,302 a month — a 8.4% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,302^[2]
Gross yield: 8.4%^[2]
Cap rate: 5.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $1,948^[3]

#Climate risk

FEMA National Risk Index ratings for Roanoke city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Very Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 23,678^[3]
Median household income: $47,360^[3]

#Migration

Household moves in and out of Roanoke city over a year, from IRS tax-return data.

Net migration: +216^[5]
Moved in: 3,807
Moved out: 3,591

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 0
High: 1

William Fleming High
High · Grades 9–12 · Roanoke City Public Schools
1,909 students
Westside Elementary
Elementary · Grades PK–5 · Roanoke City Public Schools
647 students
Fairview Elementary
Elementary · Grades PK–5 · Roanoke City Public Schools
474 students
Roanoke Academy For Mathematics & Science Elementary
Elementary · Grades PK–5 · Roanoke City Public Schools
390 students
Forest Park Academy
Not applicable · Roanoke City Public Schools
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Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.4%

Net yield (after ~40% expenses)5.0%

Annual rent$15,626

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$941

Loan principal$148,905

Down payment$37,226

Total interest paid$189,921

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.97

Monthly cost to own$1,259

Monthly rent$1,302

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 96th percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 24017?: The typical home in 24017 is worth $186,132, based on the Zillow Home Value Index.
Are home values rising in 24017?: Home values in 24017 are up 2.2% over the past year, and up 8.1% a year over five years.
What is the typical rent in 24017?: A typical home in 24017 rents for about $1,302 a month, a gross rental yield of 8.4%.
What is the property tax rate in 24017?: The effective property tax rate in 24017 is 1.0% — roughly $1,948 a year on a typical home.
Who lives in 24017?: ZIP code 24017 has a population of 23,678 and a median household income of $47,360.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

24016 vs 24017 →
Roanoke, VA
Typical home
$163,319
Gross yield
7.6%
24127 vs 24017 →
New Castle, VA
Typical home
$216,245
Gross yield
—
24102
Oak Level CDP, VA
Typical home
$221,919
Gross yield
—
24066
Buchanan, VA
Typical home
$226,247
Gross yield
—
24013
Roanoke, VA
Typical home
$144,212
Gross yield
11.2%
24085
Eagle Rock CDP, VA
Typical home
$141,550
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA24017

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