Why Live in Big Island
Big Island, VA, located 17 miles from Lynchburg, is a scenic community at the base of the Blue Ridge Mountains. The area features simple-style homes on large lots, with some properties extending into farmland. The James River borders the community, providing opportunities for kayaking and fishing, while the nearby Apple Orchard Mountain and Terrapin Mountain offer trails and scenic spots. The Otter Lake Waterfall, just 2 miles away, is a popular attraction within the Otter Creek Recreation Area. Employment opportunities are available at the Georgia-Pacific Corporation and Reaves Timber, both situated near the Lee Jackson Highway, which also provides convenient access to Lynchburg and Bedford. Big Island Elementary, part of the Bedford County Public Schools, is highly rated. For fresh produce, residents can visit the nearby Gross Orchard or the Forest Farmers Market, and Lynchburg's Community Market offers additional options. The Big Island Library, 3 miles away, hosts various community programs, while The Sedalia Center, 7 miles away, is known for its festivals and events, including the Celtic Festival and Highland Games. Homes in Big Island rely on wells and septic systems, and those near the James River may experience flooding during inclement weather.
Frequently Asked Questions
What is the average home price in Big Island, VA?
Homes for sale in Big Island, VA have an average home price of $336,549.
Are home prices dropping in Big Island?
Yes, home prices in Big Island are down 26% in the last 12 months.
How many homes have sold over the last 12 months in Big Island, VA?
11 homes have sold in Big Island, VA over the last 12 months.
What are the most popular zip codes in Big Island, VA?
How much do you need to make to afford a house in Big Island?
The median home price in Big Island is $245,000. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Big Island.
How are the schools in Big Island, VA?
Home Trends in Big Island, VA
On average, homes in Big Island, VA sell after 65 days on the market compared to the national average of 50 days. The median sale price for homes in Big Island, VA over the last 12 months is $152,000, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$152,000
Median Single Family Sale Price
$266,000
Average Price Per Sq Ft
$157
Number of Homes for Sale
6
Last 12 months Home Sales
11
Median List Price
$245,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-30%