Why Live in Peachtree-Norwood
Peachtree-Norwood, a suburban neighborhood in northwest Roanoke, features brick single-family homes with trimmed lawns and views of the Blue Ridge Mountains. The area is characterized by calm streets, occasional apartment buildings, and churches. Residents have convenient access to U.S. Route 460 and Peters Creek Road for errands and dining. The neighborhood is within 2 miles of Salem’s Main Street, known for its boutique shops, antique stores, and eateries, and 5 miles from Hollins University, Roanoke College, and LewisGale Medical Center. Local shopping options include City Line Square Shopping Center, Valley View Mall, and Lakeside Plaza. Dining highlights include Due South BBQ and Linda Vista Mexican Restaurant. Although northwest Roanoke has few parks, Peachtree-Norwood is close to Countryside Park, which offers a playground and a section of the Lick Run Greenway. The neighborhood is home to various churches and a nearby masjid. Housing options range from minimal traditional houses to ranch-style and split-level homes, averaging 1,500 square feet on quarter-acre lots. Some properties near Peters Creek are in flood zones, requiring flood insurance. The area is served by Roanoke City Public Schools, with Westside Elementary, James Breckinridge Middle, and William Fleming High School nearby. Annual events in Salem, such as Jazz in July and the Gingerbread Festival, provide entertainment. Peachtree-Norwood is 2 miles from downtown Salem and 6 miles from downtown Roanoke, with Valley Metro bus service available along Route 460. The neighborhood has a lower crime risk compared to the national average, making it a practical choice for families and professionals.
Frequently Asked Questions
Is Peachtree-Norwood a good place to live?
Peachtree-Norwood is a good place to live. Peachtree-Norwood is considered very car-dependent and somewhat bikeable with minimal transit options. Peachtree-Norwood is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Peachtree-Norwood has 1 park for recreational activities. It is fairly sparse in population with 4.1 people per acre and a median age of 41. The average household income is $54,438 which is below the national average. College graduates make up 16.1% of residents. A majority of residents in Peachtree-Norwood are home owners, with 34.6% of residents renting and 65.4% of residents owning their home. A
local real estate agent serving Peachtree-Norwood can help you decide if this neighborhood is the right one for you. Learn more on our
Peachtree-Norwood neighborhood guide.
Is Peachtree-Norwood, VA a safe neighborhood?
Peachtree-Norwood, VA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Peachtree-Norwood?
The median home price in Peachtree-Norwood is $456,785. If you put a 20% down payment of $91,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Peachtree-Norwood. The average household income in Peachtree-Norwood is $54K.
What are the best public schools in Peachtree-Norwood?
The best public schools that serve Peachtree-Norwood are:
What are the best private schools in Peachtree-Norwood?
The best private schools that serve Peachtree-Norwood are:
What are the most popular zip codes in Peachtree-Norwood, Roanoke, VA?
What are the most popular neighborhoods near Peachtree-Norwood, Roanoke, VA?
Home Trends in Peachtree-Norwood, VA
On average, homes in Peachtree-Norwood, Roanoke sell after 208 days on the market compared to the national average of 70 days. The median sale price for homes in Peachtree-Norwood, Roanoke over the last 12 months is $445,000, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$445,000
Median Single Family Sale Price
$445,000
Average Price Per Sq Ft
$244
Number of Homes for Sale
5
Last 12 months Home Sales
8
Median List Price
$456,785
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
17%