ZIP Code · VA

ZIP 24017

Part of Roanoke, VA

Pop. 23,678·Roanoke City·174th most expensive ZIP in Virginia

Median rent (all units)

$1,417/mo

Year-over-Year

+4.6%

Month-over-Month

+0.3%

vs US Median

-$515

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 24017 · $1,417

More affordable than 79% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$980

1 BR

$1,030

2 BR

$1,230

3 BR

$1,710

4 BR+

$2,060

Research median

$1,230/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 24017 changed +4.6% 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 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($47,360) is $1,184 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,030); a 2-bedroom is $1,230.

Rank in Roanoke

7th cheapest of 8 ZIP codes in Roanoke.

Cheaper nearby

ZIP 24016, 3 miles away, rents for 22% less ($1,102/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 24017. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,004/yr

At $1,417/mo median

Location

CityRoanoke

StateVA

CountyRoanoke City

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.6% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 24017 (Roanoke, VA) is roughly split between renters and owners, has a median income below the national average, 20% of residents hold a bachelor's degree or higher.

Population

23,678

Median income

$47,360

Median age

Renters

45%

Age distribution

24.6%

22%

22.5%

12.8%

18.1%

Under 1824.6%

18–3422%

35–5422.5%

55–6412.8%

65+18.1%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

29.7%

56.7%

White29.7%

Black56.7%

Hispanic10.2%

Asian3.9%

Education (25+)

13.4%

40.2%

26.4%

20%

No HS diploma13.4%

HS diploma40.2%

Some college26.4%

Bachelor's+20%

Housing tenure

55%

45%

Owner55%

Renter45%

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

2021 vs 2026

How ZIP 24017 in Roanoke, VA has changed in 5 years

Income

$39,424 → $47,360

up 20.1%

Population

23,333 → 23,678

up 1.5%

Renter share

47.8% → 45%

-2.8 pts

Bachelor's+

16% → 20%

+4.0 pts

On the earnings side, the typical household in ZIP 24017 in Roanoke, VA now reports about $47,360, up from $39,424 in 2021. Headcount in the area went from 23,333 to 23,678 between 2021 and 2024, a 1.5% change. About 45% of households rent today, against 47.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 16% to 20%.

Community

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Local insights

Tips for renters in ZIP 24017

About renting in ZIP 24017

Last updated: October 17, 2026

ZIP code 24017 covers Roanoke, VA. The median rent here is $1,417/mo as of October 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,230/mo.

At 36% of local median household income ($47,360/yr), ZIP 24017 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24017?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,417/mo in ZIP 24017. The local median household income is $47,360/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 24017?

Rent in ZIP 24017 has risen 4.6% over the past year.

How does ZIP 24017 compare to other ZIPs in Virginia?

ZIP 24017 is one of the more affordable among Virginia ZIP codes for rent, ranking #174 of 194 at $1,417/mo. Over the year to September 2026, rent in ZIP 24017 changed +4.6%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.