ZIP Code · VA

ZIP 24014

Part of Roanoke, VA

Pop. 15,300·Roanoke City·186th most expensive ZIP in Virginia

Median rent (all units)

$1,260/mo

Year-over-Year

Stable

Month-over-Month

+0.4%

vs US Median

-$672

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 24014 · $1,260

More affordable than 88% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$960

2 BR

$1,140

3 BR

$1,580

4 BR+

$1,910

Research median

$1,140/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

Past year vs. the rest of Virginia

Rent in ZIP 24014 changed +0.1% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($70,381) is $1,760 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,580); a 4-bedroom is $1,910.

Rank in Roanoke

3rd cheapest of 8 ZIP codes in Roanoke.

Cheaper nearby

ZIP 24016, 4 miles away, rents for 13% less ($1,102/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 24014. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,120/yr

At $1,260/mo median

Location

CityRoanoke

StateVA

CountyRoanoke City

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 24014 (Roanoke, VA) is majority owner-occupied, has a large retiree population, 38.1% of residents hold a bachelor's degree or higher.

Population

15,300

Median income

$70,381

Median age

50.8

Renters

29%

Age distribution

13.8%

19.9%

23.2%

17.2%

25.9%

Under 1813.8%

18–3419.9%

35–5423.2%

55–6417.2%

65+25.9%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

86.4%

White86.4%

Black4.1%

Hispanic4.9%

Asian1.4%

Other3.2%

Education (25+)

29.7%

22.7%

38.1%

No HS diploma9.6%

HS diploma29.7%

Some college22.7%

Bachelor's+38.1%

Housing tenure

71%

29%

Owner71%

Renter29%

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

2021 vs 2026

How ZIP 24014 in Roanoke, VA has changed in 5 years

Income

$54,455 → $70,381

up 29.2%

Population

16,434 → 15,300

down 6.9%

Renter share

35.3% → 29%

-6.3 pts

Bachelor's+

33.7% → 38.1%

+4.4 pts

Median age

46.1 → 50.8

+4.7 yrs

Local incomes tracked alongside that move, going from a median of $54,455 in 2021 to $70,381 more recently. Headcount in the area went from 16,434 to 15,300 between 2021 and 2024, a 6.9% change. About 29% of households rent today, against 35.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 33.7% to 38.1%.

Community

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Local insights

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About renting in ZIP 24014

Last updated: October 17, 2026

ZIP code 24014 covers Roanoke, VA. The median rent here is $1,260/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,140/mo.

At 21% of local median household income ($70,381/yr), ZIP 24014 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24014?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (about $24/hour full-time) to afford the median rent of $1,260/mo in ZIP 24014. The local median household income is $70,381/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 24014?

Rent in ZIP 24014 has been roughly flat over the past year, a +0.1% change.

How does ZIP 24014 compare to other ZIPs in Virginia?

ZIP 24014 is one of the more affordable among Virginia ZIP codes for rent, ranking #186 of 194 at $1,260/mo. Over the year to September 2026, rent in ZIP 24014 changed +0.1%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.