The Most Affordable Neighborhoods in Big Island, VA by Home Value

 

Big Island, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Big Island area can be challenging. Home prices in Big Island are now at a median cost of $220,457, lower than the Virginia average of $323,261.

The average cost of rent is $773/mo in Big Island, primarily driven by the current value of real estate in the Big Island area. While nearly 49.45% of residents own their homes outright in Big Island, 16.42% rent.

Housing affordability isn’t just about home prices, though. The average household income in Big Island is $5,424 per month. Households that rent pay about 14.26% of their income on rent here. Big Island's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.


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