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East Stone Gap

Learn about the people, housing, costs and businesses in East Stone Gap, Virginia

Median Home$162,261
Median Rent$795/month
Population522
Leading IndustriesProfessional Services · Healthcare · Manufacturing3% professional services
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners67% of occupied units
NotableAmenity Score68/100 · highly walkable area
NotableAffordable Market$162k median home · lower cost than 69% of the country
East Stone Gap
VA

Frequently Asked Questions

What are today's mortgage rates in East Stone Gap?

As of today, the 30-year fixed mortgage rate for East Stone Gap is approximately 6.956% (6.994% 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 East Stone Gap?

The median home value in East Stone Gap is $162k. The median monthly rent is $795. Annual property taxes average $799. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Stone Gap?

Home values in East Stone Gap have increased 14.7% 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 East Stone Gap?

Based on a typical all-in ownership cost of $819/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 East Stone Gap is $55k/year.

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What industries drive the economy in East Stone Gap?

The largest employment sectors in East Stone Gap are public administration (19%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.