Roanoke, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Roanoke short-term rental market based on reliable data.

Listings

61 / 141

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$48,367

Middle-Earners Revenue

Occupancy

70%

Middle-Earners Occupancy

Home Value

$424,473

Median Home Sale Price

Top Earners

$80,682

Top-Earners Revenue

Roanoke

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Roanoke.

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B

Generally Investor friendly

Roanoke Regulations

Roanoke permits STRs citywide under the standard rental-registration regime: a modest $50 fee, annual registration, and a life‑safety pre‑inspection with clear checklist items. There are no STR caps or separate zoning bans, and the city provides a straightforward, supportive process (and standard 6% state HOT). The modest permitting/inspection burden and high non‑compliance penalties keep the grade in the friendly range, not “very friendly.”

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About Roanoke

Roanoke is a city in Denton County, Texas, United States and part of the Dallas–Fort Worth Metroplex. The population was 5,962 at the 2010 census. With a 2020 population of 10,537, it is the 236th largest city in Texas and the 2991st largest city in the United States. Roanoke is currently growing at a rate of 3.77% annually and its population has increased by 76.74% since the most recent census, which recorded a population of 5,962 in 2010. A small part of the city extends into Tarrant. The city was originally founded after competition with Elizabethtown, located just off Highway 114. Settlers from Elizabethtown eventually moved to Roanoke permanently, and Elizabethtown currently resides as a ghost town. The main east–west road through town, State Highway 114 Business, is named "Byron Nelson Boulevard" in honor of the golfer who resided in the community. Roanoke is home to many restaurants (as such, its official slogan is "The Unique Dining Capital of Texas"), as well as a hotel that bank robbers Bonnie and Clyde resided in during the 1930s. The Northwest Regional Airport is located 2 miles (3 km) north of the city center.

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