ZIP Code · VA

ZIP 24018

Part of Roanoke, VA

Pop. 38,720·Roanoke County·150th most expensive ZIP in Virginia

Median rent (all units)

$1,648/mo

Year-over-Year

+6.3%

Month-over-Month

-0.1%

vs US Median

-$284

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 24018 · $1,648

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,170

1 BR

$1,230

2 BR

$1,460

3 BR

$2,030

4 BR+

$2,450

Research median

$1,460/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

Compared with the peak

Rent in ZIP 24018 is 0.1% below its high of $1,650 in August 2026, at $1,648 as of September 2026.

Past year vs. the rest of Virginia

Rent in ZIP 24018 changed +6.3% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($90,885) is $2,272 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,030); a 4-bedroom is $2,450.

Rank in Roanoke

8th cheapest of 8 ZIP codes in Roanoke.

Cheaper nearby

ZIP 24015, 4 miles away, rents for 15% less ($1,395/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 24018. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,776/yr

At $1,648/mo median

Location

CityRoanoke

StateVA

CountyRoanoke County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (6.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+6.3% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 24018 (Roanoke, VA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52% of residents hold a bachelor's degree or higher.

Population

38,720

Median income

$90,885

Median age

44.3

Renters

26.7%

Age distribution

20.1%

18.5%

26.3%

14%

21.2%

Under 1820.1%

18–3418.5%

35–5426.3%

55–6414%

65+21.2%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

82.3%

White82.3%

Black3.9%

Hispanic5.1%

Asian6%

Other2.8%

Education (25+)

20.4%

24.1%

52%

No HS diploma3.5%

HS diploma20.4%

Some college24.1%

Bachelor's+52%

Housing tenure

73.3%

26.7%

Owner73.3%

Renter26.7%

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

2022 vs 2026

How ZIP 24018 in Roanoke, VA has changed in 5 years

Rent

$1,337 → $1,648

up 23.3%

Income

$81,957 → $90,885

up 10.9%

Population

38,232 → 38,720

up 1.3%

Renter share

28.5% → 26.7%

-1.8 pts

Bachelor's+

52.4% → 52%

-0.4 pts

The median rent in ZIP 24018 in Roanoke, VA stood at $1,337 in 2022 and currently runs about $1,648, reflecting a 23.3% increase over the period. Median household income rose from $81,957 to $90,885 between 2021 and 2024, a 10.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.3% since 2021, moving from about 38,232 residents to roughly 38,720. Renters now make up 26.7% of households, compared with 28.5% five years ago. Taken together, the five-year picture in ZIP 24018 in Roanoke, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 24018

Last updated: October 17, 2026

ZIP code 24018 covers Roanoke, VA. The median rent here is $1,648/mo as of October 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,460/mo.

At 22% of local median household income ($90,885/yr), ZIP 24018 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 24018?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,648/mo in ZIP 24018. The local median household income is $90,885/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 24018?

Rent in ZIP 24018 has risen 6.3% over the past year as of September 2026. It sits 0.1% below its high of $1,650 in August 2026.

How does ZIP 24018 compare to other ZIPs in Virginia?

ZIP 24018 is one of the more affordable among Virginia ZIP codes for rent, ranking #150 of 194 at $1,648/mo. Over the year to September 2026, rent in ZIP 24018 changed +6.3%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.