Big Stone Gap, VA housing market
The typical Big Stone Gap home is worth about $146,000, up 2% in a year, 65% below the Virginia typical home. Homes typically sell in 248 days, below asking.
Home values, sales, trends and how Big Stone Gap compares with the towns next door — updated as new data is published.
Big Stone Gap at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Big Stone Gap | Virginia |
|---|---|---|
| 2017 | $87,000 | $253,000 |
| 2018 | $92,000 | $263,000 |
| 2019 | $97,000 | $271,000 |
| 2020 | $93,000 | $284,000 |
| 2021 | $105,000 | $311,000 |
| 2022 | $118,000 | $345,000 |
| 2023 | $126,000 | $367,000 |
| 2024 | $134,000 | $386,000 |
| 2025 | $145,000 | $405,000 |
| 2026 | $143,000 | $411,000 |
| August 2026 | $146,000 | $415,000 |
No new homes permitted in 2023
No permits for new homes were issued in Big Stone Gap in 2023. The last year with any was 2014 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Big Stone Gap's population fell by 360 even though 12 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Virginia: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 2 | 2 | 0 | $194,000 |
| 2013 | 2 | 2 | 0 | $380,000 |
| 2012 | 2 | 2 | 0 | $380,000 |
| 2011 | 3 | 3 | 0 | $459,000 |
| 2010 | 3 | 3 | 0 | $459,000 |
| 2009 | 1 | 1 | 0 | $175,000 |
| 2008 | 7 | 7 | 0 | $667,000 |
| 2007 | 9 | 7 | 2 | $949,000 |
| 2006 | 2 | 2 | 0 | $230,000 |
| 2005 | 7 | 7 | 0 | $720,000 |
| 2004 | 15 | 15 | 0 | $679,000 |
| 2003 | 13 | 13 | 0 | $589,000 |
| 2002 | 9 | 9 | 0 | $697,000 |
| 2001 | 8 | 8 | 0 | $620,000 |
| 2000 | 6 | 6 | 0 | $341,000 |
Big Stone Gap's permit office didn't report to the Census in 2023, so the 2023 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Big Stone Gap and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2023 | Median income |
|---|---|---|---|---|---|
| Big Stone Gap | $146K | +2% | $940 | 0 | $54,581 |
| Big Stone Gap East | — | +4%† | $940 | — | $20,938 |
† FHFA price index change, where Zillow has no home value for the town.
2.7 years of income
The typical Big Stone Gap home costs about 2.7 years of the town's median household income, less than across Virginia (4.5 years).
How Big Stone Gap ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Big Stone Gap is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Big Stone Gap pay a median of $797, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $700 · 4 bedrooms $1,450
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24219; Kingsport-Bristol, TN-VA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.