Market Overview
Home Prices in Big Island, VA
The median home value in Big Island, VA is $200,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and down 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Big Island are priced51% below average. Big Island is part of the Lynchburg, VA metro area.
Over the past five years, Big Island home values have risen by approximately4.3%, reflecting modest growth in this market.
Price History
Big Island Home Price Trend
City Comparison
Big Island vs. National Median
At $200,458, homes in Big Island cost 51% below the national median of $410,000. This makes Big Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Big Island?
20% Down Payment
$40,092
on $200,458
Monthly P&I
$1,045/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,327/mo
incl. taxes & insurance
Income Needed
$53,080
gross annual (30% rule)
10% Down Option
$20,046
+ PMI applies
Loan Amount (20% dn)
$160,366
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Big Island, VA?
The median home value in Big Island is $200,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Big Island?
Over the past year, home values in Big Island have increased by 2.5%. Over five years, prices have risen approximately 4.3%.
How much do I need to earn to buy a home in Big Island?
To comfortably afford the median home price of $200,458 with a 20% down payment ($40,092) at today's rates (6.8%), you'd need a gross annual income of approximately $53,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Big Island compare to the national average home price?
The national median home value is approximately $410,000. At $200,458, homes in Big Island are 51% below the national average.
What metro area is Big Island part of?
Big Island is part of the Lynchburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.