The housing market in 24502 Lynchburg, VA is thriving. According to the data provided, the median value of a house in this area is $227,900, which is significantly lower than the US House Median Value of $338,100. However, the 1 year House Appreciation in 24502 Lynchburg, VA was 14.49%, which is much higher than the US 1 year House Appreciation of 8.27%. This shows that housing in this area has been growing at a much faster rate than the rest of the country and could be an attractive investment opportunity for those looking to buy or sell a home.
The median home cost in Lynchburg (zip 24502) is $227,900. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Lynchburg (zip 24502) is up 17.9%.
Average Age of Homes
- The median age of Lynchburg (zip 24502) real estate is 36 years old
The Rental Market in Lynchburg (zip 24502)
- Renters make up 40.4% of the Lynchburg (zip 24502) population
- 3.9% of houses and apartments in Lynchburg (zip 24502), 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.