Why Live in South Roanoke
South Roanoke, a neighborhood with roots dating back to the 1700s, has evolved into a vibrant community just 10 minutes from downtown Roanoke. The area is known for its walkability and proximity to local attractions, including the Roanoke River, Mill Mountain, and a variety of locally owned restaurants. River’s Edge Park, a 28-acre green space, offers numerous sports facilities and access to the 10-mile Roanoke River Greenway. The neighborhood features a mix of early 1900s red-brick American Foursquares, 1940s-1950s Cape Cods, ranch-style homes, and Colonial Revivals, all set on well-manicured lots with ornamental shrubs and vintage lampposts. South Roanoke is also home to Carilion Roanoke Memorial Hospital, a major employer in the area. For outdoor enthusiasts, Fern Park and Mill Mountain Park provide hiking trails, picnic areas, and the Mill Mountain Zoo. The neighborhood's things to do include visiting Sweet Donkey for coffee, enjoying live music at Fork in The Alley, and shopping at the nearby Towers Shopping Center and Tanglewood Mall. South Roanoke is safer than the national average, making it a desirable place to live. The area is well-connected, with Franklin Road leading to downtown Roanoke and Interstate 581 providing access to Roanoke-Blacksburg Regional Airport 8 miles away.
Home Trends in South Roanoke, VA
On average, homes in South Roanoke, Roanoke sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in South Roanoke, Roanoke over the last 12 months is $344,000, down 48% from the median home sale price over the previous 12 months.
Median Sale Price
$344,000
Median Single Family Sale Price
$431,525
Median Townhouse Sale Price
$260,620
Median 2 Bedroom Sale Price
$230,000
Median 1 Bedroom Sale Price
$200,000
Average Price Per Sq Ft
$282
Number of Homes for Sale
13
Last 12 months Home Sales
95
Median List Price
$388,976
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-48%