Zip 24504 (Lynchburg, VA) Housing

The housing market in Lynchburg, VA (zip code 24504) is experiencing a strong appreciation rate. According to the data, the median value of houses in Lynchburg is $145,400, which is significantly lower than the US median value of $338,100. Over the past year house appreciation in Lynchburg has been 14.49%, well above the US average of 8.27%. This indicates a strong and healthy housing market in Lynchburg that will continue to grow and develop over time.

The median home cost in Lynchburg (zip 24504) is $145,400. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Lynchburg (zip 24504) is up 17.9%.

Average Age of Homes

- The median age of Lynchburg (zip 24504) real estate is 69 years old

The Rental Market in Lynchburg (zip 24504)

- Renters make up 34.7% of the Lynchburg (zip 24504) population
- 3.9% of houses and apartments in Lynchburg (zip 24504), 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
	5,017.0	139,647,020.0
	73	42
	$145,400	$338,100
	17.9%	16.6%
	51.2%	57.0%
	60.7%	101.1%
	$9.80	$10.98
	$911	$2,690
	44.1%	57.4%
	20.7%	11.2%
	35.2%	31.4%
Vacant Housing
	3.9%	1.9%
	0.5%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	14.3%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	4.5%	2.4%
	5.7%	2.8%
	12.3%	3.9%
	11.5%	4.5%
	13.4%	11.3%
	18.4%	13.0%
	21.1%	20.1%
	5.9%	13.6%
	3.5%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	10.6%	13.6%
	9.2%	13.2%
	9.6%	14.8%
	10.6%	13.6%
	6.2%	10.0%
	7.3%	4.7%
	44.2%	12.2%

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