Zip 24503 (Lynchburg, VA) Housing

The housing market in 24503 Lynchburg, VA is strong. According to the median value, it stands at $305,600 which is slightly lower than the US House median value of $338,100. However, the 1 year house appreciation in this area is 14.49%, which exceeds the US House 1 year appreciation of 8.27%. This indicates that the housing market in Lynchburg is thriving and expected to continue to appreciate over time.

The median home cost in Lynchburg (zip 24503) is $305,600. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Lynchburg (zip 24503) is up 17.9%.

Average Age of Homes

- The median age of Lynchburg (zip 24503) real estate is 48 years old

The Rental Market in Lynchburg (zip 24503)

- Renters make up 23.9% of the Lynchburg (zip 24503) population
- 2.9% of houses and apartments in Lynchburg (zip 24503), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lynchburg, Virginia	United States
	8,759.0	139,647,020.0
	51	42
	$305,600	$338,100
	17.9%	16.6%
	51.2%	57.0%
	60.7%	101.1%
	$7.45	$10.98
	$1,861	$2,690
	66.2%	57.4%
	9.6%	11.2%
	24.2%	31.4%
Vacant Housing
	2.9%	1.9%
	0.3%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	0.9%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.7%	2.4%
	1.4%	2.8%
	1.9%	3.9%
	1.8%	4.5%
	5.2%	11.3%
	19.0%	13.0%
	32.7%	20.1%
	17.0%	13.6%
	7.6%	8.3%
	8.2%	9.7%
	2.4%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.8%	13.6%
	8.8%	13.6%
	12.2%	13.6%
	12.6%	13.2%
	14.3%	14.8%
	12.2%	13.6%
	18.0%	10.0%
	4.1%	4.7%
	16.1%	12.2%

Reviews for Lynchburg

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Gigi · Lynchburg, VA

Great place to live

Over 6 years ago

I’ve lived in Lynchburg 14 years. It’s a great place to raise a family or to retire. Cost of living is not too high. Close to the mountains and not too far from the More

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