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These days, finding an affordable place to live in the Lynchburg area can be challenging. Home prices in Lynchburg are now at a median cost of $287,149, lower than the Tennessee average of $315,131.
The average cost of rent is $911/mo in Lynchburg, primarily driven by the current value of real estate in the Lynchburg area. In Lynchburg, 17.30% of households rent, and 45.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lynchburg is $5,895 per month. Households that rent pay about 15.45% of their income on rent here. Lynchburg’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hilltop, TN: higher priced homes
- Ridgeville, TN: higher priced homes
- Center Grove, TN: equally priced homes
- Marble Hill, TN: higher priced homes
- Flat Creek, TN: higher priced homes
- Mulberry, TN: equally priced homes
- Booneville, TN: higher priced homes
- Tullahoma, TN: less expensive homes
- Winchester Springs, TN: higher priced homes
- Singleton, TN: higher priced homes
Cities with Similar Populations
- Riverwoods, IL: higher priced homes
- Rockvale, TN: higher priced homes
- Centerville, SC: less expensive homes
- Rockford, MN: higher priced homes
- Rock Valley, IA: equally priced homes
- Cazenovia, NY: equally priced homes
- Rochester, IL: less expensive homes
- Robesonia, PA: equally priced homes
- Robbinsville, NC: less expensive homes
- Winfield, MO: less expensive homes
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