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Loudon-Melrose Homes for Sale

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  • /2

    $12,500

    • Land
    • 6,969 Sq Ft
    • $78,125 per Acre

    0 22nd St NW, Roanoke, VA 24017

    Investor Special. Convenient and level lot in Northwest Roanoke City within close proximity to downtown Roanoke

    Emma Bailey MAC WESTLAND REAL ESTATE GROUP

    0 22nd St NW, Roanoke, VA 24017
  • /14

    $133,149

    • 1,848 Sq Ft

    1424 Orange Ave NW Unit & 1422, Roanoke, VA 24017

    One vacant, one occupied MTM, must give 48 hr notice.

    Courtnee Bishop MKB, REALTORS(r)

    1424 Orange Ave NW Unit & 1422, Roanoke, VA 24017
  • /13

    $165,669

    • 1,754 Sq Ft

    2001 Melrose Ave NW, Roanoke, VA 24017

    Unit A vacant, Unit B occupied

    Courtnee Bishop MKB, REALTORS(r)

    2001 Melrose Ave NW, Roanoke, VA 24017
  • /17

    $240,000

    • 3 Beds
    • 3 Baths
    • 1,471 Sq Ft

    1810 Centre Ave NW, Roanoke, VA 24017

    Owner Financing Available! This 3-bedroom, 3-bath home offers plenty of space and opportunity for buyers looking for a home they can grow into. Has nicely sized rooms, main-level laundry, and a large upstairs closet/storage area. It provides a comfortable layout with flexibility for future updates and personal touches.The lower level includes a separate rear entrance that offers a kitchen area,

    Angela Wimbish VARNEY REALTY PARTNERS

    1810 Centre Ave NW, Roanoke, VA 24017
  • /8

    $75,000

    • 3 Beds
    • 1 Bath
    • 1,062 Sq Ft

    1619 Gilmer Ave NW, Roanoke, VA 24017

    **Calling all investors/rehabbers ** 1619 Gilmer Ave NW, Roanoke, VA This 3-bedroom, 1-bath distressed property has an excellent value-add opportunity in Northwest Roanoke. With solid potential for renovation, this home is great for a fix-and-flip, rental investment, or long-term hold.The property is in need of repairs and updates but provides a great foundation to customize and increase value.

    Steven Koleno BEYCOME BROKERAGE REALTY LLC

    1619 Gilmer Ave NW, Roanoke, VA 24017

Why Live in Loudon-Melrose

Loudon-Melrose, a historic neighborhood in northwest Roanoke, developed around the Salem-Melrose streetcar line in the 1920s. The community features bungalows and cottages originally builtfor working-class families. The area is also characterized by its industrial roots and is situated near the Roanoke Rail Yard, while also featuring businesses such as auto parts stores and heating oil suppliers. Residential streets to the north feature small houses from the early to mid-1900s. The community is served by the Melrose Library, which offers practical resources and hosts events such as open mic nights and summer reading programs. Melrose Plaza provide a grocery store, bank, health clinic and an adult high school with childcare services. Dining options are limited but includes spots like Island Jerk and China Lite. Melrose Park, the neighborhood's only public green space, offers basketball courts, a playground and a shaded picnic pavilion. Residents have the option to drive or use Valley Metro buses for transportation. The neighborhood is approximately a mile from Washington Park, which is connected to the Lick Run Greenway trail. For shopping, Valley View Mall, Walmart and Target are around 4 miles north. Schools such as Roanoke Academy for Math and Science Elementary and Lucy Addison Middle have average ratings from Niche, while Patrick Henry High School has a higher rating and offers various career pathways.

Loudon-Melrose Home Prices vs. Nearby Roanoke, VA Neighborhoods

Loudon-Melrose Tinbridge Hill
Median Home Price
$95,950
$109,500
Median Sale Price
$90,000
-48% YoY
$126,100
-13% YoY
Median Single Family Price
$82,500
$125,000
Total Active Listings
2 listings
6 listings
Market Conditions
3 Months of Supply
Seller's Market
12 Months of Supply
Buyer's Market

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 bikeable with some transit options. Loudon-Melrose has 3 parks for recreational activities. It is fairly sparse in population with 4.0 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% of residents renting and 32% 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.
Is Loudon-Melrose, VA a safe neighborhood?
Loudon-Melrose, VA is less safe than the average neighborhood in the United States. It received a crime score of 9 out of 10.
How much do you need to make to afford a house in Loudon-Melrose?
The median home price in Loudon-Melrose is $95,950. If you put a 20% down payment of $19,200 and had a 30-year fixed mortgage with an interest rate of 6.65%, your estimated principal and interest payment would be $490 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $21K a year to afford the median home price in Loudon-Melrose. Learn how much home you can afford with our Home Affordability Calculator. 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:
What are the best private schools in Loudon-Melrose?
The best private schools that serve Loudon-Melrose are:
What are the most popular zip codes in Loudon-Melrose, Roanoke, VA?
The most popular zip codes in Loudon-Melrose, Roanoke, VA include 24017, 24016, 24015, 24012 and 24013.
What are the most popular neighborhoods near Loudon-Melrose, Roanoke, VA?
The most popular neighborhoods near Loudon-Melrose, Roanoke, VA are Melrose-Rugby, Harrison, Hurt Park, Gilmer and Villa Heights.
Are home prices dropping in Loudon-Melrose?
Yes, home prices in Loudon-Melrose are down 39% in the last 12 months.
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