There are currently 2,803 real estate properties in Big Stone Gap, VA, with a median automated valuation model (AVM) price of $99,200.00. 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 Stone Gap, 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 Stone Gap, VA, is $121,034.00, with the most expensive house in Big Stone Gap, VA, topping out at $1,666,200.00 and the cheapest home in Big Stone Gap, VA, clocking in at $15,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Big Stone Gap, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Big Stone Gap, VA, is on a rollercoaster ride. The average rent price in Big Stone Gap, VA, is $920.00. Indeed, when looking to rent in Big Stone Gap, VA, you can expect to pay as little as $470.00 or as much as $2,160.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Big Stone Gap, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Big Stone Gap, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Big Stone Gap, VA and much more. Save thousands at closing with home foreclosure listings in Big Stone Gap, VA — up to 75% off market value!
Big Stone Gap is located in Wise, Virginia, with an estimated municipal population of 5,132 residents. All of the best foreclosed homes for sale in Big Stone Gap are located in the following zip code areas on Foreclosure.com: 24219. The estimated population per square kilometer (.62 miles) in Big Stone Gap is 401.
So, about how much do homes cost in Big Stone Gap? The most recent median value of resident-owned homes in Big Stone Gap is 120,239. An estimated 53.3 percent of households in Big Stone Gap own their homes, with an average family size of 2.85. The median household income in Big Stone Gap is 46,979, with14.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Big Stone Gap, the median commute time of resident workers (in minutes) is 24.1. And last, but certainly not least, are you looking for homes to rent in Big Stone Gap? If so, the average rent price paid by renters in Big Stone Gap is 690, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Big Stone Gap, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Big Stone Gap is 40, split between 58.9 percent male versus 41.1 female. The percentage of residents who report being married in Big Stone Gap is 41.2, with an average family size of 2.85.
The percentage of residents who report their race in Big Stone Gap is as follows:
|Black / African American||20.6%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Big Stone Gap? Or maybe you are searching for 55+ active adult communities in and/or near Big Stone Gap?
The percentage of residents who report their age in Big Stone Gap is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Big Stone Gap with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Big Stone Gap.
How do you know that living in -- or moving to -- Big Stone Gap is right where you need to be? Perhaps you grew up in Big Stone Gap or already live nearby; therefore, the decision to buy a home in Big Stone Gap is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Big Stone Gap for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Big Stone Gap:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Big Stone Gap.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Big Stone Gap can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Big Stone Gap, meanwhile, can field multiple offers from more qualified buyers.
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