ZIP Code · VA

ZIP 24011

Part of Roanoke, VA

Pop. 784·Roanoke City·188th most expensive ZIP in Virginia

Median rent (all units)

$1,212/mo

Year-over-Year

Stable

Month-over-Month

-13.8%

vs US Median

-$720

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 24011 · $1,212

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,040

1 BR

$1,090

2 BR

$1,300

3 BR

$1,810

4 BR+

$2,180

Research median

$1,300/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($54,986) is $1,375 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,810.

Rank in Roanoke

2nd cheapest of 8 ZIP codes in Roanoke.

From Zillow's monthly rent index (ZORI) for ZIP 24011. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,544/yr

At $1,212/mo median

Location

CityRoanoke

StateVA

CountyRoanoke City

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -13.8% MoM), not inventory.

Demographics

Who lives here

ZIP 24011 (Roanoke, VA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 72.8% of residents hold a bachelor's degree or higher.

Population

784

Median income

$54,986

Median age

31.6

Renters

92.9%

Age distribution

55.7%

27.4%

18–3455.7%

35–5427.4%

55–646.5%

65+10.3%

Gender

44.9%

55.1%

Male44.9%

Female55.1%

Race & ethnicity

74.4%

16.1%

White74.4%

Black16.1%

Hispanic2.6%

Asian1.4%

Other5.6%

Education (25+)

18.6%

72.8%

No HS diploma0.5%

HS diploma8.1%

Some college18.6%

Bachelor's+72.8%

Housing tenure

92.9%

Owner7.1%

Renter92.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 24011 in Roanoke, VA has changed in 5 years

Income

$56,779 → $54,986

down 3.2%

Population

734 → 784

up 6.8%

Renter share

90.3% → 92.9%

+2.6 pts

Bachelor's+

76.7% → 72.8%

-3.9 pts

Household income in the area moved from $56,779 to $54,986 across the same window, down 3.2% versus 2021. Census counts show ZIP 24011 in Roanoke, VA adding about 50 residents over the five-year window, up 6.8% on net. The renter share has risen from 90.3% to 92.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 76.7% to 72.8% across the same window.

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Local insights

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About renting in ZIP 24011

Last updated: October 17, 2026

ZIP code 24011 covers Roanoke, VA. The median rent here is $1,212/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,300/mo.

At 26% of local median household income ($54,986/yr), ZIP 24011 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24011?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,212/mo in ZIP 24011. The local median household income is $54,986/yr, so the typical household meets that bar.