dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −0.2% YoY. inventory, −0.7% YoY, is the number to watch.
The median listing price is down 0.2% YoY while the median home got up 8.8% bigger, so value per square foot is down 6.4%.
U.S. Census ACS characteristics for ZIP 24501 itself, not its parent county.
Renters hold 53.0% of this ZIP's 9,852 occupied households, on a median household income of $42K.
| Measure | ZIP 24501 | Lynchburg city | Difference |
|---|---|---|---|
| Median Household Income | $42K | $58K | -$16K |
| Below Poverty Level | 23.5% | 18.6% | +4.9% |
| Median Age | 30.40 | 28.60 | +1.80 |
| Total Population | 25,006 | 79,497 | -- |
| Avg Household Size | 2.27 | 2.39 | -0.12 |
| Owner-Occupied | 47.0% | 48.9% | -1.9% |
| Worked From Home | 9.9% | 13.9% | -4.0% |
| Mean Commute | 18.30 | 16.80 | +1.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.3% to 79,497: residents under 18 are up 0.5% and those 65 and over are up 1.3%.
County median household income is $58K, 18.6% of residents are below the poverty level, 13.9% work from home.