Lynchburg City County, VA Housing

The median housing value in Lynchburg city, VA County is $197,800, which is significantly lower than the US house median value of $338,100. However, the appreciation rate over the last year has still been fairly strong at 7.46%, which is slightly lower than the US average of 8.27%. This demonstrates that while housing in Lynchburg is less expensive compared to other parts of the country, it is still an attractive place to invest in due to its steady gains in value.

The median home cost in Lynchburg City County is $197,800. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Lynchburg City County is up 17.9%.

Average Age of Homes

- The median age of Lynchburg City County real estate is 48 years old

The Rental Market in Lynchburg City County

- Renters make up 42.4% of the Lynchburg City County population
- 4.7% of houses and apartments in Lynchburg City County, 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 City, Virginia	United States
	33,637.0	139,647,020.0
	51	42
	$197,800	$338,100
	17.9%	16.6%
	51.2%	57.0%
	60.7%	101.1%
	$9.80	$10.98
	$1,656	$2,690
	42.2%	57.4%
	14.0%	11.2%
	43.8%	31.4%
Vacant Housing
	4.7%	1.9%
	1.0%	0.4%
	1.5%	0.7%
	0.2%	0.4%
	1.0%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.2%	2.4%
	3.7%	2.8%
	5.1%	3.9%
	7.3%	4.5%
	19.4%	11.3%
	27.5%	13.0%
	20.8%	20.1%
	6.6%	13.6%
	3.2%	8.3%
	2.8%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	7.5%	13.6%
	8.2%	13.2%
	16.7%	14.8%
	7.5%	13.6%
	13.7%	10.0%
	6.4%	4.7%
	17.5%	12.2%

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