Housing market/Virginia/ZIP 24016
ZIP 24016 Roanoke, Virginia
Roanoke, VA HUD Metro FMR Area · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 24016 · VA — sent to you.
ZIP 24016 · VA
ACS rent vs 2BR SAFMR
ZIP 24016 — Roanoke, VA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 24016
- 1-unit detached1,97035.2%
- 1-unit attached2835.1%
- 2–4 units1,20421.5%
- 5–49 units1,32223.6%
- 50+ units82314.7%
2–4 unit share 21.5% · 5–49 unit share 23.6% · combined 2–49 45.1%.
Units by bedrooms
Rent burden
- ACS median gross rent $972 (all bedrooms, occupied rentals).
- Median contract rent $792.
- Renters paying ≥30% of income 42.4%; ≥50% 21.8%.
- FY2027 2BR SAFMR $1,380 (1.420× ACS median gross rent).
Population
9,828 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +17.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 8 projects, 189 units.
- HUD project-based assisted MF: 2 properties, 87 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 316 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 24016 81.1% of occupied households are renters; vacancy is 16.7%; ACS median gross rent is $972; population increased +17.3% between the 2018 and 2023 ACS vintages; the housing stock includes 1,204 units in 2–4-unit structures and 1,322 units in 5–49-unit structures; 8 LIHTC projects totaling 189 units; FY2027 2BR SAFMR is $1,380 versus ACS median gross rent of $972. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Virginia research
ZIP 24016 is a Census / HUD profile for Roanoke, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 24016 — Roanoke, VA HUD Section 8 Payment Standards / SAFMR·Virginia ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Virginia research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 24016?
ZIP 24016 (Roanoke, VA HUD Metro FMR Area) has 9,828 residents, 4,664 households, a renter share of 81.1%, median household income of $43,727, and ACS 2023 median gross rent of $972. Vacancy is 16.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 24016?
ACS counts 773 units in 2-unit buildings, 431 in 3–4 unit buildings, 454 in 5–9, 561 in 10–19, and 307 in 20–49. Combined 2–49 unit stock is 2,526 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 24016?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,380. See the full schedule and 90–110% payment-standard band on the ZIP 24016 — Roanoke, VA HUD Section 8 Payment Standards / SAFMR.
Does this Virginia ZIP profile include Georgia listings?
No. ZIP 24016 is Census / HUD research for Roanoke, VA HUD Metro FMR Area. Jeff Crowe CRE does not list Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.