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Businesses for Sale | Roanoke, Virginia

Discover business opportunities, in or around Roanoke, with well-established brands, who are looking for people like you to help them grow.

As of the 2024 ACH Map Data, Roanoke, located in The Old Dominion had a total population of 97,683 people.

Top Franchise Opportunities in Roanoke, Virginia on Franchise.com for 2025
Order Franchise Name Industry Name Available Capital
1Financial Franchises$70,000
2Computer & Internet Franchises$10,000
3Printing Packing & Shipping$70,000
4Business Opportunities$100,000
5Home Services & Repair Franchises$50,000
6Retail Franchises$100,000
7Vending Franchises$30,000
8Business Opportunities$100,000
9Senior & Health Care$50,000
10Business Services$50,000

City Statistics and Other Information About Roanoke

Demographics

From a total population of 97,683, Roanoke has a median age of 38. The average age of males, in Roanoke, is 37 while the average age of females is 39. When you compare the median age of men and women in Roanoke, there is an average difference of 2 years.

Income

The median income of individuals, in Roanoke, is $36,592 while the average household income is $52,380. In 2029, the average income per capita for Roanoke is expected to be $36,592.

Additional Information

24000 - 24050
Roanoke (City)

Is Roanoke the Best Location for Franchise Opportunities and Growth?

What is the average income in Roanoke?

The median household income in Roanoke is $52,380, providing insight into the financial conditions of local residents and their ability to support businesses.

Is Roanoke an affordable place to start a franchise?

With a median income of $52,380, Roanoke presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.

How does Roanoke's income compare to other locations?

The median income of $52,380 in Roanoke is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.

Does Roanoke have a stable workforce to support my business?

Absolutely! With 25,261 employed individuals, Roanoke offers a solid labor force to support franchise growth.

Is Roanoke a growing economy?

With a workforce of 25,261 and a median household income of $52,380, Roanoke provides an emerging economic environment for new business opportunities.

Does homeownership in Roanoke indicate a stable market?

Homeownership rates at 21,124 show a strong local investment in the community, which benefits long-term franchise success.

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