Why Live in Montvale
Montvale, VA, is a small community situated 16 miles from Roanoke, known for its country living and scenic mountain views. The Lynchburg Salem Turnpike bisects the area, providing access to nearby towns such as Bedford, Lynchburg, and Roanoke. Housing in Montvale primarily consists of older foursquare and ranch-style homes built between the 1930s and 1980s, with properties ranging from quarter-acre to acre lots. Outside the main thoroughfare, homes are found along winding roadways, often with wells and septic systems. Montvale Park features a play structure, grassy picnic areas, and trails through a forested section, while the Montvale Recreational Club offers baseball fields, event spaces, and hosts community fundraisers. The Montvale Public Library organizes various programs, and the Montvale Farmers Market sells fresh produce and artisanal goods every Saturday. The Lynchburg Salem Turnpike connects Montvale to major towns, with Bedford 12 miles away, Roanoke 16 miles away, and Lynchburg 40 miles away. Essential services like Carilion Roanoke Memorial Hospital and Roanoke-Blacksburg Regional Airport are within 18 miles. Local dining includes Dale’s Diner along the turnpike, with more options available in Bedford, such as Liberty Station. Montvale is served by Bedford County Public Schools, which have high ratings.
Frequently Asked Questions
What is the average home price in Montvale, VA?
Homes for sale in Montvale, VA have an average home price of $235,592.
Are home prices dropping in Montvale?
Yes, home prices in Montvale are down 12% in the last 12 months.
How many homes have sold over the last 12 months in Montvale, VA?
6 homes have sold in Montvale, VA over the last 12 months.
What are the most popular zip codes in Montvale, VA?
How much do you need to make to afford a house in Montvale?
The median home price in Montvale is $188,946. If you put a 20% down payment of $37,800 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in Montvale.
How are the schools in Montvale, VA?
Home Trends in Montvale, VA
On average, homes in Montvale, VA sell after 26 days on the market compared to the national average of 51 days. The median sale price for homes in Montvale, VA over the last 12 months is $184,473, down 26% from the median home sale price over the previous 12 months.
Median Sale Price
$184,473
Median Single Family Sale Price
$80,000
Average Price Per Sq Ft
$102
Number of Homes for Sale
1
Last 12 months Home Sales
6
Median List Price
$188,946
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-26%