Market Overview
Home Prices in Hiwassee, VA
The median home value in Hiwassee, VA is $231,877 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.4% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hiwassee are priced43% below average. Hiwassee is part of the Blacksburg-Christiansburg, VA metro area.
Over the past five years, Hiwassee home values have risen by approximately8.6%, reflecting steady appreciation in this market.
Price History
Hiwassee Home Price Trend
City Comparison
Hiwassee vs. National Median
At $231,877, homes in Hiwassee cost 43% below the national median of $410,000. This makes Hiwassee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hiwassee?
20% Down Payment
$46,375
on $231,877
Monthly P&I
$1,209/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,535/mo
incl. taxes & insurance
Income Needed
$61,400
gross annual (30% rule)
10% Down Option
$23,188
+ PMI applies
Loan Amount (20% dn)
$185,502
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 Hiwassee, VA?
The median home value in Hiwassee is $231,877 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.4% year-over-year.
How much have home prices changed in Hiwassee?
Over the past year, home values in Hiwassee have increased by 8.4%. Over five years, prices have risen approximately 8.6%.
How much do I need to earn to buy a home in Hiwassee?
To comfortably afford the median home price of $231,877 with a 20% down payment ($46,375) at today's rates (6.8%), you'd need a gross annual income of approximately $61,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Hiwassee compare to the national average home price?
The national median home value is approximately $410,000. At $231,877, homes in Hiwassee are 43% below the national average.
What metro area is Hiwassee part of?
Hiwassee is part of the Blacksburg-Christiansburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.