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.