24019, Roanoke, VA

The Roanoke, VA 24019 zip code has a median home value of $151,000 and a median home equity value of $128,000. The home values in this zip code are higher than the national median home value of $130,000 and the regional median home value of $119,500. This indicates that there is more wealth in this zip code than average. Additionally, the percentage of homes with a mortgage in this zip code is lower than the national percentage of mortgages at 47%, and the regional percentage of mortgages at 54%. This suggests that people in this zip code are more likely to have access to affordable financing options.

The average monthly payment on a mortgage in this zip code is $1,521. This is lower than the national average monthly mortgage payment of $1,729 and the regional average monthly mortgage payment of $1,890. This suggests that people in this zip code are able to afford their homes without having to take on too much debt. Additionally, the percentage of homeowners who have paid off their entire mortgage within five years is higher than both the national percentage (56%) and regional percentage (50%). This indicates that people in this area are taking advantage of opportunities to save money on their housing costs by paying off their mortgages as quickly as possible.