Market Overview
Home Prices in Big Stone Gap, VA
The median home value in Big Stone Gap, VA is $148,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Big Stone Gap are priced64% below average. Big Stone Gap is part of the Big Stone Gap, VA metro area.
Over the past five years, Big Stone Gap home values have risen by approximately33.1%, reflecting strong long-term appreciation in this market.
Price History
Big Stone Gap Home Price Trend
City Comparison
Big Stone Gap vs. National Median
At $148,631, homes in Big Stone Gap cost 64% below the national median of $410,000. This makes Big Stone Gap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Big Stone Gap?
20% Down Payment
$29,726
on $148,631
Monthly P&I
$775/mo
30-yr @ 6.8%
Total Monthly Est.
~$984/mo
incl. taxes & insurance
Income Needed
$39,360
gross annual (30% rule)
10% Down Option
$14,863
+ PMI applies
Loan Amount (20% dn)
$118,905
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 Stone Gap, VA?
The median home value in Big Stone Gap is $148,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Big Stone Gap?
Over the past year, home values in Big Stone Gap have increased by 3%. Over five years, prices have risen approximately 33.1%.
How much do I need to earn to buy a home in Big Stone Gap?
To comfortably afford the median home price of $148,631 with a 20% down payment ($29,726) at today's rates (6.8%), you'd need a gross annual income of approximately $39,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Big Stone Gap compare to the national average home price?
The national median home value is approximately $410,000. At $148,631, homes in Big Stone Gap are 64% below the national average.
What metro area is Big Stone Gap part of?
Big Stone Gap is part of the Big Stone Gap, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.