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Lynchburg, VA—24504

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$175,000
0.7% YoY Growth
Household Income
$50,700
25.5% YoY Growth
Days on Market
69
20.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,050
8.8% YoY Growth
1-Bed Rent
$945
25.5% YoY Growth
2-Bed Rent
$895
21.2% YoY Growth
3-Bed Rent
$1,500
13.2% YoY Growth

Other Zip Codes in Lynchburg, VA

24502245012453824503
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lynchburg, VA

As of Dec '25, the median home price in Lynchburg, VA is $175,000, with a year-over-year change of -0.7%. This indicates that home prices in Lynchburg, VA are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$175,000-0.7%
Single Family $174,000-1.7%
Condos $197,00011.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$136,000-3.5%
    3 Bed
    		$239,0003.0%
    4 Bed
    		$282,0001.4%
    5 Bed $386,427-0.8%
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    % of Housing Stock

    Studio
    3.0%
    1 Bedroom
    16.9%
    2 Bedrooms
    23.4%
    3 Bedrooms
    38.2%
    4 Bedrooms
    15.2%
    5+ Bedrooms
    3.2%

    Rental Trends — Lynchburg, VA

    As of July '25, Rentcast reports the average rent in Lynchburg, VA is $1,250, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Lynchburg, VA is studios: $1,220, 1-bedrooms: $998, 2-bedrooms: $1,040, 3-bedrooms: $1,630, 4-bedrooms: $2,220. The most common rental property sizes in Lynchburg, VA are 2-bedroom and 1-bedroom, accounting for 30.1% and 28.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,250
    Studio Rent $1,050$1,220
    1 Bed Rent $945$998
    2 Bed Rent $895$1,040
    3 Bed Rent $1,500$1,630
    4 Bed Rent $2,100$2,220
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    % of Rental Stock

    Studio
    5.3%
    1 Bedroom
    28.8%
    2 Bedrooms
    30.1%
    3 Bedrooms
    20.5%
    4 Bedrooms
    14.2%
    5+ Bedrooms
    1.0%

    Property Listings — Lynchburg, VA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lynchburg, VA is 46. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$234,00026.0%
    Listing Count
    		624.0%
    Listings as % of Homes0.6%4.0%
    Days on Market
    		69-20.0%
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    Demographics — Lynchburg, VA

    As of the latest ACS Survey released in 2023, Lynchburg, VA has a population of 9,470, which has decreased by -4.7% over the past 5 years. Lynchburg, VA is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,470-4.7%
    % Under 18
    		21.1%11.6%
    % Seniors
    		18.1%16.8%
    % WFH
    		9.7%115.6%
    % w/ College Degree
    		24.3%19.7%
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    As of the latest ACS Survey released in 2023, Lynchburg, VA is a predominantly white area, with 51.2% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Lynchburg, VA is black, making up 40.7% of the population. Foreign-born residents account for 3.7% of the population in Lynchburg, VA, and this percentage has increased by 94.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		51.2%2.6%
    % Black
    		40.7%-10.9%
    % Hispanic
    		3.7%131.2%
    % Asian
    		0.1%-88.9%
    % Foreign Born
    		3.7%94.7%
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    Mortgage and Risk — Lynchburg, VA

    According to HUD data as of 2023, there were 159 mortgage originations in Lynchburg, VA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lynchburg, VA. Investor activity is low, as 10.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		159
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Lynchburg, VA

    As of 2024, the percent of homes in Lynchburg, VA under the Section 8 program is 20.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lynchburg, VA, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		361
    Total Units Section 8
    		361
    % Rentals under Section 8
    		20.1%
    % Occupied Section 8
    		84.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$165$945$1,110
    2 Bedroom$355$895$1,250
    3 Bedroom$220$1,500$1,720
    4 Bedroom-$240$2,100$1,860

    Affordability — Lynchburg, VA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$175,000
    Median Household Income$50,700

    Lynchburg, VA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions