Big Island, VA—24526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Big Island, VA
As of Nov '25, the median home price in Big Island, VA is $183,000, with a year-over-year change of -1.3%. This indicates that home prices in Big Island, VA are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | -1.3% |
| Single Family | $183,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -1.2% |
3 Bed | $217,000 | -0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Big Island, VA
Big Island, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Big Island, VA
As of Nov '25, Realtor.com reports that the median days on market for a home in Big Island, VA is 107. This is a increase of 144.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -42.0% |
Listing Count | 5 | 24.0% |
| Listings as % of Homes | 0.9% | 24.0% |
Days on Market | 107 | 144.0% |
Demographics — Big Island, VA
As of the latest ACS Survey released in 2023, Big Island, VA has a population of 1,370, which has remained stable by 0.6% over the past 5 years. Big Island, VA is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,370 | 0.6% |
% Under 18 | 23.6% | 30.4% |
% Seniors | 21.5% | -3.2% |
% WFH | 6.9% | 392.9% |
% w/ College Degree | 23.4% | -0.4% |
As of the latest ACS Survey released in 2023, Big Island, VA is a predominantly white area, with 91.3% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Big Island, VA is black, making up 7.3% of the population. Foreign-born residents account for 0.4% of the population in Big Island, VA, and this percentage has decreased by 73.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.3% | 1.1% |
% Black | 7.3% | 143.3% |
% Hispanic | 0.4% | 300.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -73.3% |
Mortgage and Risk — Big Island, VA
Big Island, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Big Island, VA
Big Island, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Big Island, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $183,000 |
| Median Household Income | $71,500 |