Big Stone Gap, VA home prices
Typical home $134,797 · +0.0% in a year · income needed $36,800
The Big Stone Gap, VA metro area ranks 844 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.0% in a year and +22.9% over five years. With 20% down at 7.11%, the typical home costs about $858 a month including 0.58% property tax (Wise County rate).
Mortgage on the typical Big Stone Gap home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $26,959 | $107,837 | $725 | $0 | $133 | $858 | $36,800 |
| 10% down | $13,480 | $121,317 | $816 | $51 | $133 | $1,000 | $42,800 |
| 5% down | $6,740 | $128,057 | $861 | $53 | $133 | $1,048 | $44,900 |
| 3.5% down (FHA) | $4,718 | $132,355 | $890 | $60 | $133 | $1,083 | $46,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.58% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Big Stone Gap area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wise County, VA | $135,234 | +0.9% | 0.58% |
| Norton City, VA | $130,808 | -4.7% | 0.73% |
What can you afford in Virginia on your salary? · Virginia home prices · Salaries in Virginia
Frequently asked questions
How much is a house in Big Stone Gap?
The typical home in the Big Stone Gap, VA metro area is worth $134,797 (Zillow, September 2026).
What salary do you need to buy a house in Big Stone Gap?
About $36,800 a year for the typical home with 20% down at 7.11%.