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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 $214,521, lower than the Virginia average of $443,089.
The average cost of rent is $1,081/mo in Lynchburg City, primarily driven by the current value of real estate in the Lynchburg City area. In Lynchburg City, 51.13% of households rent, and 41.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lynchburg City is $5,269 per month. Households that rent pay about 20.52% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive 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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