Lynchburg Metro Area, VA Housing

The housing market in Lynchburg, VA Metro Area is thriving. The median value for a house in the area is $237,200, which is much lower than the US median value of $338,100. Despite this discrepancy, the rate of appreciation for houses in Lynchburg over the past year has been 10.88%, significantly higher than the US average of 8.27%. This shows that there is a strong demand for housing in this area and it is a great investment opportunity for those looking to buy a home.

The median home cost in Lynchburg Metro Area is $237,200. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Lynchburg Metro Area is up 17.7%.

Average Age of Homes

- The median age of Lynchburg Metro Area real estate is 38 years old

The Rental Market in Lynchburg Metro Area

- Renters make up 25.0% of the Lynchburg Metro Area population
- 2.1% of houses and apartments in Lynchburg Metro Area, 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
	117,493.0	139,647,020.0
	42	42
	$237,200	$338,100
	17.7%	16.6%
	50.9%	57.0%
	60.4%	101.1%
	$6.51	$10.98
	$1,055	$2,690
	61.0%	57.4%
	13.0%	11.2%
	25.9%	31.4%
Vacant Housing
	2.1%	1.9%
	0.4%	0.4%
	1.0%	0.7%
	0.1%	0.4%
	3.1%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.9%	2.4%
	3.3%	2.8%
	3.6%	3.9%
	5.8%	4.5%
	17.0%	11.3%
	21.9%	13.0%
	23.5%	20.1%
	9.8%	13.6%
	3.8%	8.3%
	4.0%	9.7%
	1.2%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	14.6%	13.6%
	13.8%	13.2%
	17.3%	14.8%
	14.6%	13.6%
	9.2%	10.0%
	4.2%	4.7%
	10.1%	12.2%

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