Big Stone Gap, VA

Real estate in Big Stone Gap, VA is a hot commodity. The area has a population of just over 2,000 people and an average household size of 2.4 people. This means that there is plenty of demand for homes and property in the area.

The median home price in Big Stone Gap is $119,900 which is significantly higher than the national median home price of $185,000. This high demand has resulted in a shortage of available homes and properties in the area. As a result, real estate agents are often able to negotiate very high prices for their clients.

One reason for the high demand for real estate in Big Stone Gap is its location. The town is located just outside of Charlottesville, VA which has a population of over 250,000 people and is one of the most popular tourist destinations in Virginia. This means that there are plenty of potential buyers who are looking for properties that can accommodate large families or groups of friends.

Another reason why real estate prices are so high in Big Stone Gap is because there are few other options available to buyers who want to live close to Charlottesville or Washington D.C.. The closest major city with comparable amenities is Roanoke which is about an hour away by car. Therefore, many buyers who want to live close to major cities have to settle for properties in Big Stone Gap instead.