Why Live in Gainsboro
Gainsboro, the oldest neighborhood in Roanoke, is rich in history and cultural significance, particularly as a hub for Black connection and advocacy during segregation. Key historical sites include the Gainsboro Branch Library, Burrell Memorial Hospital, and Hotel Dumas, which hosted legendary musicians like Louis Armstrong and Ella Fitzgerald. Today, the neighborhood remains a focal point for community events and resources, with the Gainsboro Neighborhood Organization actively working to preserve its heritage. Residents enjoy proximity to downtown Roanoke, just a mile south, where they can explore a variety of dining options, including Alejandro's Mexican Grill and Martin’s Downtown, as well as the Roanoke Co+op for local produce. Gainsboro features historic architecture, with homes dating back to the late 1800s and early 1900s, including cottages, American Foursquares, and duplexes. The area is on the city's list for home rehabilitation projects, aiming to boost homeownership.
The Gainsboro Library, a community pillar, offers a collection of Black literature and hosts events celebrating Black history. The neighborhood's annual block party, sponsored by Coca-Cola, is a highlight, featuring fashion shows, raffles, and food vendors. Entranceway Park and the Lick Run Greenway provide green spaces, with the latter connecting residents to Washington Park, known for its athletic courts and upcoming pool renovation. Gainsboro Road, the main corridor, is set for pedestrian and cyclist-friendly improvements by 2025. The neighborhood is well-connected, with Valley Metro bus stops and access to Interstate 581. For longer trips, the Roanoke-Blacksburg Regional Airport is 4 miles northwest, and the Roanoke Amtrak station is about half a mile south.
Home Trends in Gainsboro, VA
On average, homes in Gainsboro, Roanoke sell after 74 days on the market compared to the national average of 51 days. The median sale price for homes in Gainsboro, Roanoke over the last 12 months is $133,250, down 28% from the median home sale price over the previous 12 months.
Median Sale Price
$133,250
Median Single Family Sale Price
$141,500
Median Townhouse Sale Price
$299,950
Average Price Per Sq Ft
$111
Number of Homes for Sale
5
Last 12 months Home Sales
12
Median List Price
$141,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-28%