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ZIP Code · VA

ZIP 24018

Part of Roanoke, VA
Pop. 38,720·Roanoke County·156th most expensive ZIP in Virginia
Median rent (all units)
$1,635/mo
Year-over-Year
+4.3%
Month-over-Month
+3.5%
vs US Median
-$330
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 24018 · $1,635
More affordable than 64% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$19,620/yr
At $1,635/mo median
Location
StateVA
CountyRoanoke County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.3% YoY, +3.5% 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

2021 vs 2026

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

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

Median household income rose from $81,957 to $90,885 between 2021 and 2024, a 10.9% shift. 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.

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Local insights

Tips for renters in ZIP 24018

About renting in ZIP 24018

Last updated: July 20, 2026

ZIP code 24018 covers Roanoke, VA. The median rent here is $1,635/mo as of July 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 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 24018?

As of July 20, 2026, the median monthly rent in ZIP 24018 (Roanoke, VA) is $1,635. This is based on aggregated data from public sources and community submissions.

How does ZIP 24018 rent compare to the US average?

ZIP 24018's median rent of $1,635/mo is $330 (17%) below the US national median of $1,965/mo.

How does ZIP 24018 compare to other ZIPs in Virginia?

ZIP 24018 is among the more affordable ZIP codes in Virginia, ranking #156 out of 198 ZIPs at $1,635/mo.

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 $65,000/year (~$31/hour full-time) to afford the median rent of $1,635/mo in ZIP 24018. The local median household income is $90,885/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 24018?

Rent in ZIP 24018 has increased 4.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 24018 an affordable place to rent?

ZIP 24018 is considered very affordable for renters. At $1,635/mo, rent takes approximately 22% of the local median household income ($90,885/yr). The standard benchmark is 30%. ZIP 24018 falls comfortably within that range.

What percentage of ZIP 24018 residents rent vs. own?

According to Census data, approximately 26.7% of ZIP 24018 households are renters, while 73.3% are owner-occupied. ZIP 24018 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 24018 compare to the rest of Roanoke?

ZIP 24018 is pricier than Roanoke as a whole. At $1,635/mo, it's $241 above the Roanoke citywide median of $1,394/mo.

When was rent data for ZIP 24018 last updated?

Rent data for ZIP 24018 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,635/mo, rent takes ~22% of ZIP 24018's median household income ($90,885/yr). The standard benchmark is 30%.

ZIP 24018 22%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24018 (Roanoke, VA)

Recent submissions

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