Roanoke, TX Rental Market Report

Key Takeaways

• Roanoke’s rental market remains competitive. Limited inventory and steady demand continue to support stable pricing.
• Rents are generally in the ~$1,600–$2,400+ range. Pricing varies based on property type, size, and neighborhood.
• The market is showing mixed trends. Some segments are flattening or slightly softening, while others still see gradual rent growth.
• DFW growth continues to support long-term demand. Roanoke benefits from strong regional population and job growth, keeping rentals consistently in demand.

ROANOKE TX  ·  76262  ·  QUARTERLY MARKET REPORT

Q2 2026  ·  Published by McCaw Property Management

What landlords and investors need to know about rents, lease-up speed, and yields in the 76262 ZIP this quarter — read straight from closed MLS transactions, not regional averages.

MEDIAN RENT	MEDIAN LEASE-UP	MEDIAN SALE	TOP YIELD
$2,750	44 days	$580,000	7.4%
Closed, 90-day	Time to tenant	Closed, 90-day	3BR segment

Data: Roanoke 76262 MLS, trailing 90 days, closed transactions. Methodology note at the end. Author: McCaw Property Management research team, licensed Texas brokerage.

THE NUMBER THAT MATTERS THIS QUARTER

Roanoke rents are holding at $2,750 — and good homes are leasing in six weeks

If you own a single-family home in Roanoke and you have wondered whether now is the right time to rent it out, the data answers plainly: the market is active and balanced. Across the homes that closed for lease in the 76262 ZIP over the trailing 90 days, the median rent landed at $2,750 per month and the typical home found a tenant in 44 days. That is fast enough to underwrite real cash flow, but slow enough that pricing and marketing in the first three weeks decide whether you lease at the top of the range or give money back.

This report breaks down what is actually happening in the Roanoke rental market right now — by bedroom count, by price, and by the gap between what owners ask and what tenants pay. It is built entirely from closed MLS transactions in 76262, refreshed quarterly. No national averages, no aspirational asking-price figures, no guesswork.

RENTAL ACTIVITY, LAST 90 DAYS

What Roanoke homes are renting for

Eighteen single-family homes closed for lease in Roanoke 76262 over the trailing 90 days. The median rent was $2,750 and the mean was $2,774 — the two figures sitting close together tells you the market is not being distorted by a handful of outliers. The typical home leased in 44 days (median), with the mean a touch higher at 46.5 days, reflecting a few homes that lingered.

The more useful story is in the split between asking and closing. 56% of homes leased at or above their asking rent, while 44% required a price reduction before securing a tenant — and among those that cut, the typical reduction was about $188, or roughly 6% off the original ask. In a market this size, that divide is almost entirely a function of pricing discipline and marketing quality in the opening weeks. The same home can be a $2,825 lease or a $2,650 lease depending on how it is priced and presented out of the gate.

Rent by bedroom count

BEDROOMS	CLOSED	MEDIAN RENT	MEDIAN SQ FT	MEDIAN DOM	RENT/SQ FT
2BR	2	$1,962	962	54	~$2.04
3BR	9	$2,450	1,862	36	~$1.32
4BR	7	$3,300	2,250	56	~$1.47

Source: 18 closed Roanoke rental transactions, 76262, trailing 90 days. Rent per square foot calculated on segment medians.

The pattern is clear. Three-bedroom homes lease fastest (36-day median) and most efficiently. Four-bedroom homes command the highest rents ($3,300 median) but take noticeably longer to fill (56 days) and sit on roughly twice the capital base. The two-bedroom segment is thin — only two closings — but interesting: at roughly $2.04 per square foot, small homes earn the highest rent-per-foot in the market, a reflection of how walkable, smaller properties near the town center punch above their size.

What the current pipeline signals

There are 8 rental homes actively listed in Roanoke right now at a median asking rent of $3,050 — about 11% above the trailing-90-day closed median, with a median 16 days on market so far.

That gap between asking and closing is the single most important planning number for any owner listing in the next 60 days: expect to give back a portion of any aggressive premium within the first three weeks unless the home is genuinely differentiated by new construction, premium finishes, or a furnished posture aimed at executive-relocation tenants.

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FOR-SALE CONTEXT FOR INVESTORS

What it costs to buy into the Roanoke market

For investors underwriting a Roanoke purchase, the for-sale side of the market is currently on the friendlier side of balanced. Thirty-three single-family homes closed over the trailing 90 days at a median price of $580,000, or about $230 per square foot, on a 36-day median time on market.

Only 12% of homes sold at or above asking, and the typical seller gave back $25,000 — roughly 3% off the original list price. That is a clear signal that buyers currently hold modest negotiating leverage, even as rental demand stays absorptive. For an investor, that is the more attractive of two timing windows: sellers are negotiable while tenants are still committing within six weeks.

Sale price by bedroom count

BEDROOMS	CLOSED	MEDIAN RENT	MEDIAN SQ FT	MEDIAN DOM
3BR	11	$400,000	1,455	35
4BR	20	$635,110	3,044	37
5BR	1	$645,000	2,850	72

Source: 33 closed Roanoke sale transactions, 76262, trailing 90 days.

Vintage Matters More here than buyers expect

Roanoke’s housing stock splits into two distinct cohorts, and the price-per-foot relationship between them surprises most buyers. Pre-2000 homes (10 closings) sold at a $400,000 median on roughly 1,448 square feet — about $272 per foot. Newer 2015-and-later homes (13 closings) sold at a $727,500 median on roughly 2,990 square feet — about $241 per foot.

The older, smaller homes cost more per square foot, which reflects a genuine location premium for proximity to the downtown Oak Street dining corridor that Roanoke is regionally known for. Investors eyeing turnkey purchases should expect higher capital-expenditure-per-dollar on the older cohort, offset by stronger walkability and tenant appeal.

Gross Yield by Segment

Pairing the trailing-90-day median rent against the median sale price by bedroom count produces the cleanest available yield picture for the current market:

SEGMENT	MEDIAN RENT	ANNUALIZED	MEDIAN SALE	GROSS YIELD
2BR	$1,962	$23,544	$450,000	5.23%
3BR	$2,450	$29,400	$400,000	7.35%
4BR	$3,300	$39,600	$635,110	6.24%

Gross yield = (median monthly rent × 12) ÷ median sale price. Excludes vacancy, taxes, insurance, capital expenditure, and management. Indicative only.

The three-bedroom segment’s roughly 7.4% gross yield is meaningfully stronger than what the same buyer would underwrite in neighboring Westlake or Southlake, where entry prices run far higher relative to achievable rent. The four-bedroom segment trades some yield for stability: larger homes attract executive-relocation tenants tied to Alliance Airport and corporate Westlake employers, who tend to renew at higher rates and absorb rent increases without much negotiation.

PUTTING IT TO WORK

What this means if you’re entering the market this quarter

A few practical takeaways for Roanoke investors and owners over the next 90 days:

• Price to the closed comps, not the asking comps. With 44% of homes cutting rent before leasing, the listings that priced to recent closed transactions — rather than to optimistic active asking prices — are the ones that leased fastest and gave back the least.
• If you’re buying to rent, weigh the 3-bedroom segment seriously. Fastest lease-up, highest yield, lowest capital base. It is the most forgiving entry point in the current Roanoke market.
• Budget for a 4-to-6 week vacancy when modeling. A 44-day median lease-up is healthy, but underwriting to it — rather than to a best-case two-week turn — keeps your cash-flow projections honest.
• Use the soft sale market to negotiate. With sellers giving back a median 3% and only 12% of homes closing at or above asking, buyers have room to push on price right now.
• Time your lease expirations for spring. Roanoke’s school-zone-driven demand concentrates in the March-to-July window. A lease that expires into peak season re-rents faster and at a stronger number.

COMMON QUESTIONS

Roanoke Rental Market FAQ

What is the average rent for a house in Roanoke, TX right now?

Across the 18 single-family homes that closed for lease in Roanoke 76262 over the trailing 90 days, the median rent was $2,750 per month and the mean was $2,774. By size, medians run about $1,962 for 2-bedroom, $2,450 for 3-bedroom, and $3,300 for 4-bedroom homes.

How long does it take to rent out a home in Roanoke?

The median time-to-lease was 44 days. It varies sharply by size: 3-bedroom homes leased fastest at a 36-day median, while 4-bedroom homes took about 56 days. Roughly 44% of homes required at least one price reduction before securing a tenant.

Is now a good time to buy a rental property in Roanoke?

The data suggests favorable conditions for buyers. Only 12% of homes sold at or above asking over the trailing 90 days, and the typical seller gave back about 3% from the list price — while rental demand stayed strong with a 44-day median lease-up. The 3-bedroom segment currently offers the strongest gross yield at roughly 7.4%.

Which type of home rents best in Roanoke?

Three-bedroom single-family homes are the sweet spot this quarter — fastest lease-up and highest yield. Four-bedroom homes earn the most total rent but take longer to fill and require roughly double the capital. Smaller homes near the town center command the highest rent per square foot.

How is this report’s data calculated?

Every figure comes from closed MLS transactions in the Roanoke 76262 ZIP code over the trailing 90 days — actual leased and sold prices, not asking prices or national estimates. Medians are used as the headline figures because they resist distortion from outliers. The report is refreshed quarterly.

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Methodology & About This Report

This report is compiled by the McCaw Property Management research team from Multiple Listing Service (MLS) data for the Roanoke, Texas 76262 ZIP code, covering the trailing 90-day period ending in Q2 2026. All headline figures reflect closed transactions — homes that actually leased or sold — rather than active asking prices or third-party automated estimates.

Median values are used throughout as the primary measure because they are less sensitive to outliers than averages in a small market. Gross yield figures are illustrative and exclude vacancy, property taxes, insurance, capital expenditure, and management costs; investors should model these for any specific property.

McCaw Property Management is a licensed Texas real estate brokerage based at 1670 Keller Parkway, Suite 100, Keller, TX 76248, managing single-family rentals across the Dallas-Fort Worth metroplex. This report is provided for informational purposes and does not constitute investment, legal, or tax advice. Market conditions change; figures reflect the period stated and will be updated in the next quarterly edition.

McCaw Property Management  ·  1670 Keller Parkway, Suite 100, Keller, TX 76248  ·  (817) 491-2553  ·  office@mccawpm.com  ·  Roanoke TX Rental Market Report, Q2 2026. Next update: Q3 2026.

Author

Kyle McCaw is the founder and broker of McCaw Property Management and a Texas licensed real estate broker (License #0562767). He has been investing in and managing single-family rentals across the Dallas–Fort Worth metroplex since 2003, and personally owns a portfolio of single-family rental homes — so the strategy on this page comes from an owner who underwrites the same deals our clients do.

Kyle is an active member of the National Association of Residential Property Managers (NARPM) and has spoken at several national conferences across the single-family rental management and investing industries. McCaw Property Management is rated the #1 property management company in the Roanoke / DFW Metroplex by PropertyManagement.com and has been named to Texas A&M University’s Aggie 100 list of fastest-growing Aggie-owned businesses five times.