Roane County, West Virginia Housing Market
In Roane County, West Virginia, the median home value is $122,100, with a median monthly rent of $614. This places Roane County at #2597 nationally out of 3134 counties by median home value, and #36 within West Virginia.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $979
- Establishments: 319
- BLS QCEW, 2025
Housing Supply
- Single-family: 21
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,648 (avg $52,979)
- Outflow: 4,424 (avg $53,394)
- IRS Statistics of Income
How Roane County Compares
| Metric | Roane County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,100 | $148,003 | $227,706 |
| Median Gross Rent | $614 | $777 | $968 |
| Owner Occupancy Rate | 78.9% | 78.4% | 73.3% |
| Price/Rent Ratio | 16.6 | 15.8 | 18.7 |
Market Analysis
The median home value in Roane County is 17.5% below the West Virginia state average and 46.4% below the U.S. national average. The median rent of $614/month is 21.0% below the state average.
With a price-to-rent ratio of 16.6, the buy-vs-rent decision in Roane County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Roane County has an owner-occupancy rate of 78.9%, compared to 78.4% in West Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Ford County | Illinois | $122,000 | $923 |
| Union County | Iowa | $122,000 | $721 |
| Clinton County | Kentucky | $122,200 | $617 |
| Simpson County | Mississippi | $122,200 | $852 |
| Kent County | Texas | $122,200 | $675 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mercer County | $121,700 | $810 | 72.9% |
| Nicholas County | $121,600 | $686 | 82.2% |
| Tyler County | $121,300 | $748 | 84.1% |
| Mason County | $120,300 | $671 | 81.8% |
| Braxton County | $117,900 | $606 | 76.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).