Roanoke Rapids, NC Housing Market
Cold MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Roanoke Rapids, NC metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $170K
- Median days on market
- 85 days
- Months of supply
- 2.9
- Active inventory
- 121
- Homes sold
- 42
- Sale-to-list ratio
- 95.0%
- Listings with price drop
- 26.4%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Cooling
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation
Watch-outs
- Low inventory with tight supply often means more competition on offers.
- Slower sales (longer days on market) can mean more time to diligence — but also weaker demand.
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Roanoke Rapids, NC market summary
The Roanoke Rapids, NC metro area housing market is cooling down. As of May 2026, the median home sale price is $170K, down 26.0% year-over-year. Homes are spending a median of 85 days on the market, 84.8% longer than a year ago.
There are 121 homes for sale — 15.4% fewer than last year. With 2.9 months of supply, this is a seller's market. 38 new listings were added during this period, down 22.4% year-over-year.
Homes are selling for 95.0% of their list price on average, suggesting room for negotiation. 16.7% of homes sell above their asking price. 26.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. North Carolina Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 62% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Roanoke Rapids, NC market trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed market metrics
Median list price
$213K
Price per sq ft
$121
Sale-to-list ratio
95.0%
Months of supply
2.9
Sold above list
16.7%
Price drops
26.4%
New listings
38
↓ 22.4% YoY
Pending sales
37
Off market in 2 weeks
18.9%
Roanoke Rapids, NC housing market FAQs
What is the median home price in Roanoke Rapids, NC?
For the latest published month, the median sale price in Roanoke Rapids, NC is $170K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Roanoke Rapids, NC a buyer's or seller's market?
With about 2.9 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Roanoke Rapids, NC?
For the latest published month, the median days on market in Roanoke Rapids, NC is 85 days — half of homes went pending faster and half slower.
Is Roanoke Rapids, NC good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Roanoke Rapids, NC can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Roanoke Rapids, NC?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Roanoke Rapids, NC deals.
Compare more North Carolina metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Charlotte, NC
$423K · 53d on market
Raleigh, NC
$446K · 34d on market
Durham, NC
$460K · 32d on market
Greensboro, NC
$302K · 43d on market
Winston-Salem, NC
$320K · 41d on market
Fayetteville, NC
$310K · 46d on market
Asheville, NC
$449K · 64d on market
Wilmington, NC
$480K · 60d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Roanoke Rapids, NC deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.