Big Island, VA Foreclosures
How much do homes sell for in Big Island, VA?
The average home price is currently $299,650.
What’s the average rental cost in Big Island, VA?
The average rental price in Big Island is $1,189.
What is the most expensive home in Big Island?
The most expensive home sold in Big Island had a price of $2,282,151.
What is currently the cheapest priced home in Big Island, VA?
The cheapest home for sale in Big Island is priced at $25,394.
Living in Big Island, VA
Big Island, VA is a quaint and tranquil town nestled in Bedford County, offering an idyllic setting for those seeking a slower pace of life. With stunning natural surroundings and a strong sense of community, it is an attractive option for families and retirees alike. Residents have easy access to outdoor activities and local amenities, ensuring a comfortable lifestyle.
Current Market Conditions in Big Island, VA
The real estate market in Big Island is currently favorable for investors, with property prices showing steady appreciation. The area has experienced consistent demand, driven by its appeal to families and retirees looking for affordable housing options in a picturesque setting.
As more people seek out rural living, the trend of rising property values is expected to continue, making now an opportune time for investors to explore the market. The combination of natural beauty, community charm, and affordability enhances Big Island's potential for real estate growth.
Home Value Estimator For Big Island, VA
There are currently 762 real estate properties
in Big Island, VA,
with a median automated valuation model (AVM) price
of $221,638.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Big Island, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Big Island, VA,
is $299,650.00, with the most expensive house
in Big Island, VA, topping out
at $2,282,151.00 and the cheapest home
in Big Island, VA,
clocking in at $25,394.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Big Island, VA!
Rent Prices
In Big Island, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Big Island, VA, is on
a rollercoaster ride. The
average rent price in Big Island, VA,
is $1,189.00. Indeed, when looking to rent in
Big Island, VA, you can expect to pay as little
as $660.00 or as much
as $2,820.00,
with the average rent median estimated to
be $1,150.00. The good news is that finding
an affordable and desirable property to rent in Big Island, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
