RentDataNowRentDataNow
ZIP Code · VA

ZIP 24012

Part of Roanoke, VA
Pop. 28,235·Roanoke City·182nd most expensive ZIP in Virginia
Median rent (all units)
$1,459/mo
Year-over-Year
+8.5%
Month-over-Month
+2.1%
vs US Median
-$506
Rising (Monthly)
Be the first to discuss 24012 rents ↓
Most AffordableMost Expensive
ZIP 24012 · $1,459
More affordable than 76% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,050
2 BR
$1,250
3 BR
$1,740
4 BR+
$2,100
Research median
$1,250/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$17,508/yr
At $1,459/mo median
Location
StateVA
CountyRoanoke City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.5% YoY, +2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 24012 (Roanoke, VA) is roughly split between renters and owners, has a median income below the national average, 25.6% of residents hold a bachelor's degree or higher.

Population
28,235
Median income
$52,973
Median age
39.8
Renters
47.2%
Age distribution
21.5%
22.9%
24.8%
18.8%
Under 1821.5%
18–3422.9%
35–5424.8%
55–6412%
65+18.8%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
60.2%
17.8%
13.9%
White60.2%
Black17.8%
Hispanic13.9%
Asian4.3%
Other3.9%
Education (25+)
32.9%
29.5%
25.6%
No HS diploma12%
HS diploma32.9%
Some college29.5%
Bachelor's+25.6%
Housing tenure
52.8%
47.2%
Owner52.8%
Renter47.2%

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

2021 vs 2026

How ZIP 24012 in Roanoke, VA has changed in 5 years

Income
$48,930 → $52,973
up 8.3%
Population
29,770 → 28,235
down 5.2%
Renter share
42.5% → 47.2%
+4.7 pts
Bachelor's+
21.9% → 25.6%
+3.7 pts

Local incomes tracked alongside that move, going from a median of $48,930 in 2021 to $52,973 more recently. Census counts show ZIP 24012 in Roanoke, VA losing about 1,535 residents over the five-year window, down 5.2% on net. The renter share has risen from 42.5% to 47.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.9% to 25.6% across the same window.

Community

Discussions about ZIP 24012

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 24012

About renting in ZIP 24012

Last updated: July 20, 2026

ZIP code 24012 covers Roanoke, VA. The median rent here is $1,459/mo as of July 2026. A 1-bedroom rents for a median of $1,050/mo. A 2-bedroom rents for a median of $1,250/mo.

At 33% of local median household income ($52,973/yr), ZIP 24012 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 24012?

As of July 20, 2026, the median monthly rent in ZIP 24012 (Roanoke, VA) is $1,459. This is based on aggregated data from public sources and community submissions.

How does ZIP 24012 rent compare to the US average?

ZIP 24012's median rent of $1,459/mo is $506 (26%) below the US national median of $1,965/mo.

How does ZIP 24012 compare to other ZIPs in Virginia?

ZIP 24012 is among the more affordable ZIP codes in Virginia, ranking #182 out of 198 ZIPs at $1,459/mo.

How much income do you need to rent in ZIP 24012?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,459/mo in ZIP 24012. The local median household income is $52,973/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 24012?

Rent in ZIP 24012 has increased 8.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 24012 an affordable place to rent?

ZIP 24012 is considered moderate for renters. At $1,459/mo, rent takes approximately 33% of the local median household income ($52,973/yr). The standard benchmark is 30%. ZIP 24012 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 24012 residents rent vs. own?

According to Census data, approximately 47.2% of ZIP 24012 households are renters, while 52.8% are owner-occupied. ZIP 24012 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 24012 compare to the rest of Roanoke?

ZIP 24012 is pricier than Roanoke as a whole. At $1,459/mo, it's $65 above the Roanoke citywide median of $1,394/mo.

When was rent data for ZIP 24012 last updated?

Rent data for ZIP 24012 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,459/mo, rent takes ~33% of ZIP 24012's median household income ($52,973/yr). The standard benchmark is 30%.

ZIP 24012 33%Benchmark 30%
State income tax2–5.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 24012 (Roanoke, VA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.