Lynchburg, VA—24538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynchburg, VA
As of Oct '25, the median home price in Lynchburg, VA is $275,000, with a year-over-year change of 3.9%. This indicates that home prices in Lynchburg, VA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 3.9% |
| Single Family | $275,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 0.5% |
3 Bed | $279,000 | 4.9% |
4 Bed | $370,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lynchburg, VA
As of July '25, Rentcast reports the average rent in Lynchburg, VA is $1,270, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Lynchburg, VA is 2-bedrooms: $850, 3-bedrooms: $1,480. The most common rental property sizes in Lynchburg, VA are 1-bedroom and 4-bedroom, accounting for 36.2% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | $950 | $1,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lynchburg, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lynchburg, VA is 36. This is a decrease of -40.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 10.0% |
Listing Count | 21 | 2.0% |
| Listings as % of Homes | 1.0% | 2.0% |
Days on Market | 36 | -40.0% |
Demographics — Lynchburg, VA
As of the latest ACS Survey released in 2023, Lynchburg, VA has a population of 4,820, which has decreased by -4.1% over the past 5 years. Lynchburg, VA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,820 | -4.1% |
% Under 18 | 17.9% | -4.3% |
% Seniors | 24.5% | 15.0% |
% WFH | 8.8% | 23.9% |
% w/ College Degree | 17.5% | -6.4% |
As of the latest ACS Survey released in 2023, Lynchburg, VA is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Lynchburg, VA is black, making up 17.9% of the population. Foreign-born residents account for 1.1% of the population in Lynchburg, VA, and this percentage has increased by 266.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.7% | -7.9% |
% Black | 17.9% | 45.5% |
% Hispanic | 2.8% | 833.3% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.1% | 266.7% |
Mortgage and Risk — Lynchburg, VA
Lynchburg, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lynchburg, VA
Lynchburg, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | $140 | $850 | $990 |
| 3 Bedroom | $400 | $950 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Lynchburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $275,000 |
| Median Household Income | $67,700 |