Roanoke Fair Market Rent 2026
HUD Fair Market Rent data for the Roanoke metropolitan area. Median household income: $51,099/year. Vacancy rate: 3.9%.
2BR FMR
$803/mo
Median Income
$51,099
Vacancy Rate
3.9%
Rent Burden
18.9%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $51,099/year can afford up to $1,277/mo in rent.
The 2BR FMR of $803/mo represents 18.9% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 3.9% in Roanoke indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in Roanoke?
The 2026 HUD FMR for a 2-bedroom in the Roanoke metro area is $803/month. 1BR: $643, 3BR: $980.
What is the vacancy rate in Roanoke?
The rental vacancy rate in Roanoke is 3.9%. A rate below 5% typically indicates a tight rental market.
Is Roanoke affordable for renters?
With a median income of $51,099 and 2BR rent at $803/mo, rent takes about 19% of income in Roanoke.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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