Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lynchburg City area can be challenging. Home prices in Lynchburg City are now at a median cost of $171,032, lower than the Virginia average of $323,261.
The average cost of rent is $934/mo in Lynchburg City, primarily driven by the current value of real estate in the Lynchburg City area. While nearly 44.12% of residents own their homes outright in Lynchburg City, 50.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lynchburg City is $5,008 per month. Households that rent pay about 18.64% of their income on rent here. Lynchburg City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the county.
Nearby Counties
- Campbell County, VA: equally priced homes
- Bedford County, VA: higher priced homes
- Appomattox County, VA: equally priced homes
- Botetourt County, VA: higher priced homes
- Roanoke City, VA: equally priced homes
- Prince Edward County, VA: equally priced homes
- Roanoke County, VA: higher priced homes
- Salem City, VA: higher priced homes
- Cumberland County, VA: higher priced homes
- Craig County, VA: equally priced homes
Counties with Similar Populations
- Umatilla County, OR: higher priced homes
- Chemung County, NY: less expensive homes
- Cheshire County, NH: higher priced homes
- Christian County, KY: less expensive homes
- Christian County, MO: higher priced homes
- Clallam County, WA: higher priced homes
- Erie County, OH: equally priced homes
- Fauquier County, VA: higher priced homes
- Glynn County, GA: higher priced homes
- Grays Harbor County, WA: higher priced homes
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