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Big Island

Learn about the people, housing, costs and businesses in Big Island, Virginia

Median Home$241,400
Median Rent$724/month
Population310
Leading IndustriesProfessional Services · Retail · Construction3% professional services
Home Value Growth⬆⬆⬆+42.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners77% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Big Island
VA

Frequently Asked Questions

What are today's mortgage rates in Big Island?

As of today, the 30-year fixed mortgage rate for Big Island is approximately 6.923% (6.960% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Big Island?

The median home value in Big Island is $241k. The median monthly rent is $724. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Big Island?

Home values in Big Island have increased 42.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Big Island?

Based on a typical all-in ownership cost of $806/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Big Island is $75k/year.

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What industries drive the economy in Big Island?

The largest employment sectors in Big Island are public administration (26%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.