What is the housing market like in Loudon-Melrose today?
In March 2024, Loudon-Melrose home prices were up 38.8% compared to last year, selling for a median price of $85K.
$118K
Sale Price
$146
Sale $/Sq. Ft.
Under List Price
1.3%
Days on Market
10
Down Payment
—
Total Homes Sold
1
To compare other locations to the Loudon-Melrose and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Roanoke add value to a home.
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Home offer insights for Loudon-Melrose
Explore recent offers and recently sold homes in Loudon-Melrose
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Loudon-Melrose housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Loudon-Melrose.
Risk Factor
Flood Factor - Major
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Loudon-Melrose has a major risk of flooding. 137 properties in Loudon-Melrose are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in Loudon-Melrose. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Loudon-Melrose has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Loudon-Melrose is most at risk from hurricanes. 669 properties in Loudon-Melrose have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 47 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 54 mph.