The housing market in Lynchburg, VA is flourishing with a median value of $221,800. This figure is significantly lower than the US house median value of $338,100. The one year house appreciation rate is also higher in Lynchburg, VA at 14.49%, compared to the US 1 year house appreciation rate at 8.27%. This makes Lynchburg an attractive option for many looking to invest in real estate. With its competitive prices and high appreciation rate, it's no wonder that the housing market in Lynchburg is booming.
The median home cost in Lynchburg is $221,800. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Lynchburg is up 17.9%.
Average Age of Homes
- The median age of Lynchburg real estate is 48 years old
The Rental Market in Lynchburg
- Renters make up 42.4% of the Lynchburg population
- 4.7% of houses and apartments in Lynchburg, 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.