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Gainsboro Homes for Sale

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  • /2

    $15,400

    • Land
    • 6,534 Sq Ft
    • $102,667 per Acre

    419 Gilmer Ave NW, Roanoke, VA 24016

    PRICED UNDER TAX ASSESSMENT...This level building lot which is 50x130 has endless possibilites! It is zoned RM-1. Within a few minutes you will find yourself close to fine dining, entertainment while in a small town atmosphere, Build your single family home, two-family dwelling (duplex) or a townhouse. Investment property is another option. Build a rental duplex live in one side and rent out the

    Tammie Ferguson ROCKY'S MOM REALTY LLC

    419 Gilmer Ave NW, Roanoke, VA 24016
  • /2

    $6,125

    • Land
    • 4,791 Sq Ft
    • $55,682 per Acre

    0 Patton Ave NW, Roanoke, VA 24016

    Investor Special!! Conveniently located lot in Northwest Roanoke City with close proximity to downtown. Zoned RM-1.

    Emma Bailey MAC WESTLAND REAL ESTATE GROUP

    0 Patton Ave NW, Roanoke, VA 24016
  • /2

    $169,030

    • 1,768 Sq Ft

    414 Harrison Ave NW, Roanoke, VA 24016

    Occupied, A - Lease end 2/28/27, B - Vacant.

    Courtnee Bishop MKB, REALTORS(r)

    414 Harrison Ave NW, Roanoke, VA 24016
  • /4

    $9,000

    • Land
    • 3,920 Sq Ft
    • $100,000 per Acre

    401 Harrison Ave NW, Roanoke, VA 24016

    Build your next project here!This 0.09-acre lot offers a great infill opportunity just minutes from Downtown Roanoke, the interstate, and Carilion. Zoned RM-1 with flexible options for single-family, duplex, townhouse, or multifamily development.

    Ashley Canty REAL BROKER LLC - MCLEAN

    401 Harrison Ave NW, Roanoke, VA 24016
  • /2

    $125,000

    • 2 Beds
    • 1 Bath
    • 960 Sq Ft

    405 Harrison Ave NW, Roanoke, VA 24016

    Large 2br room need minor upgrades seller would like to see someone to do sweat equity to enhance the property. large eat in kitchen Home built in 1997 great buy for right owner

    Sheila Wright ALIEHS GOLD REALTY COMPANY

    405 Harrison Ave NW, Roanoke, VA 24016
  • /2

    $169,030

    • 1,871 Sq Ft

    224 Gilmer Ave NW, Roanoke, VA 24016

    A-vacant, B-MTM

    Courtnee Bishop MKB, REALTORS(r)

    224 Gilmer Ave NW, Roanoke, VA 24016
  • /2

    $6,525

    • Land
    • 5,662 Sq Ft
    • $50,192 per Acre

    411 5th St NW, Roanoke, VA 24016

    Investor Special. Conveniently located lot in NW. Close proximity to downtown Roanoke. Zoned RM-1

    Emma Bailey MAC WESTLAND REAL ESTATE GROUP

    411 5th St NW, Roanoke, VA 24016

Why Live in Gainsboro

Gainsboro, the oldest neighborhood in Roanoke, is located just north of downtown. It features historic architecture such as the Tudor Revival Hotel Roanoke and the Gothic Revival St. Andrew’s Catholic Church. Residential streets are lined with early 20th-century duplexes, Foursquares, and cottages, some of which are being rehabilitated to increase homeownership. The Gainsboro Neighborhood Organization actively arranges community events and resources, including a popular annual block party sponsored by Coca-Cola. The historic Gainsboro Library is a community hub, offering various programs and partnering on events. While Entranceway Park is the only park within Gainsboro, the Lick Run Greenway provides access to Washington Park, known for its athletic courts, playground, and upcoming pool renovations. Residents enjoy a self-guided tour of Historic Gainsboro, highlighting significant local Black history. Dining options are abundant in nearby downtown Roanoke, featuring casual eateries, brunch spots, and breweries. For shopping, Valley View Mall is 3 miles northwest. Gainsboro Road, the neighborhood’s central corridor, is set for pedestrian-friendly improvements by 2025. Sidewalks and Valley Metro bus routes facilitate easy access to downtown, while Interstate 581 and Roanoke-Blacksburg Regional Airport, 4 miles northwest, connect residents to broader destinations.

Gainsboro Home Prices vs. Nearby Roanoke, VA Neighborhoods

Gainsboro Gilmer Harrison Belmont
Median Home Price
$139,950
$179,995
$163,950
$139,950
Median Sale Price
$154,975
+10% YoY
$170,000
-11% YoY
$157,000
+43% YoY
$134,975
+3% YoY
Median Single Family Price
$140,000
$180,000
$155,000
$139,950
Total Active Listings
1
3
10
14
Market Conditions
2 Months of Supply
Seller's Market
5 Months of Supply
Balanced Market
8 Months of Supply
Buyer's Market
7 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Gainsboro a good place to live?
Gainsboro is a good place to live. Gainsboro is considered somewhat walkable and bikeable with good transit options. Gainsboro has 2 parks for recreational activities. It is fairly sparse in population with 5.0 people per acre and a median age of 40. The average household income is $50,458 which is below the national average. College graduates make up 16.2% of residents. A majority of residents in Gainsboro are renters, with 72% of residents renting and 28% of residents owning their home. A local real estate agent serving Gainsboro can help you decide if this neighborhood is the right one for you. Learn more on our Gainsboro neighborhood guide.
Is Gainsboro, VA a safe neighborhood?
Gainsboro, VA is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Gainsboro?
The median home price in Gainsboro is $139,950. If you put a 20% down payment of $28,000 and had a 30-year fixed mortgage with an interest rate of 6.55%, your estimated principal and interest payment would be $710 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $30K a year to afford the median home price in Gainsboro. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Gainsboro is $50K.
What are the best public schools in Gainsboro?
The best public schools that serve Gainsboro are:
What are the best private schools in Gainsboro?
The best private schools that serve Gainsboro are:
What are the most popular zip codes in Gainsboro, Roanoke, VA?
The most popular zip codes in Gainsboro, Roanoke, VA include 24016, 24012, 24013, 24017 and 24015.
What are the most popular neighborhoods near Gainsboro, Roanoke, VA?
The most popular neighborhoods near Gainsboro, Roanoke, VA are Harrison, Gilmer, Washington Park, Belmont and Old Southwest.
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