$138,600
- 1,817 Sq Ft
1821 Moorman Ave NW, Roanoke, VA 24017
Courtnee Bishop MKB, REALTORS(r)
Frequently Asked Questions
Is Loudon-Melrose a good place to live?
Loudon-Melrose is a good place to live. Loudon-Melrose is considered somewhat walkable and somewhat bikeable with some transit options. Loudon-Melrose has 3 parks for recreational activities. It is fairly sparse in population with 3.8 people per acre and a median age of 34. The average household income is $41,198 which is below the national average. College graduates make up 2.7% of residents. A majority of residents in Loudon-Melrose are renters, with 68.3% of residents renting and 31.7% of residents owning their home. A local real estate agent serving Loudon-Melrose can help you decide if this neighborhood is the right one for you. Learn more on our Loudon-Melrose neighborhood guide.
How much do you need to make to afford a house in Loudon-Melrose?
The median home price in Loudon-Melrose is $150,450. If you put a 20% down payment of $30,100 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $770 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Loudon-Melrose. The average household income in Loudon-Melrose is $41K.
What are the best public schools in Loudon-Melrose?
The best public schools that serve Loudon-Melrose are:
- Patrick Henry High School has a B Niche grade, a student teacher ratio of 15:1 and an average review score of 3.6.
- Roanoke Academy for Math & Science Elementary School has a C Niche grade, a student teacher ratio of 9:1 and an average review score of 4.5.
- Lucy Addison Middle School has a C Niche grade and a student teacher ratio of 11:1.
What are the best private schools in Loudon-Melrose?
The best private schools that serve Loudon-Melrose are:
- New Vista Montessori School has a student teacher ratio of 5:1.
What are the most popular zip codes in Loudon-Melrose, Roanoke, VA?
What are the most popular neighborhoods near Loudon-Melrose, Roanoke, VA?
The most popular neighborhoods near Loudon-Melrose, Roanoke, VA are Melrose-Rugby, Gilmer, Harrison, Hurt Park and Villa Heights.
