Home Price Key
Affordable
Average
Expensive
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 $180,066, lower than the Virginia average of $323,261.
The average cost of rent is $923/mo in Lynchburg, primarily driven by the current value of real estate in the Lynchburg area. While nearly 43.99% of residents own their homes outright in Lynchburg, 44.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lynchburg is $5,088 per month. Households that rent pay about 18.15% of their income on rent here. Lynchburg's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Timberlake, VA: equally priced homes
- East Brook, VA: equally priced homes
- Forest, VA: higher priced homes
- Madison Heights, VA: less expensive homes
- Elon, VA: higher priced homes
- Joshua Falls, VA: less expensive homes
- Rustburg, VA: less expensive homes
- Coleman Falls, VA: higher priced homes
- Evington, VA: equally priced homes
- Galts Mill, VA: less expensive homes
Cities with Similar Populations
- Saginaw, MI: less expensive homes
- Seattle, WA: higher priced homes
- Round Rock, TX: higher priced homes
- San Bernardino, CA: higher priced homes
- Rockford, IL: less expensive homes
- Sarasota, FL: higher priced homes
- Schaumburg, IL: higher priced homes
- Roswell, GA: higher priced homes
- San Antonio, TX: higher priced homes
- Santa Fe, NM: higher priced homes
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