Housing in 29080 Lynchburg, SC is a great investment opportunity. The median house value in this area is $92,400, which is significantly lower than the US median of $338,100. Additionally, the US housing appreciation rate over the past year was 8.27%, but Lynchburg has experienced an even greater appreciation rate at 18.53%. This means that investing in housing in Lynchburg could potentially yield higher returns than other parts of the country. With its lower house values and above average appreciation rates, investing in housing in Lynchburg could be a smart move for anyone looking to grow their wealth.
The median home cost in Lynchburg (zip 29080) is $92,400. Home appreciation the last 10 years has been 81.3%. Home Appreciation in Lynchburg (zip 29080) is up 22.5%.
Average Age of Homes
- The median age of Lynchburg (zip 29080) real estate is 34 years old
The Rental Market in Lynchburg (zip 29080)
- Renters make up 17.8% of the Lynchburg (zip 29080) population
- 1.6% of houses and apartments in Lynchburg (zip 29080), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.