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 +11.1% YoY. inventory, −8.9% YoY, is the number to watch.
The median listing price is up 11.1% YoY while the median home got up 0.4% bigger, so value per square foot is up 4.0%.
U.S. Census ACS characteristics for ZIP 24503 itself, not its parent county.
Renters hold 25.0% of this ZIP's 7,911 occupied households, on a median household income of $89K.
| Measure | ZIP 24503 | Lynchburg city | Difference |
|---|---|---|---|
| Median Household Income | $89K | $58K | +$31K |
| Below Poverty Level | 7.8% | 18.6% | -10.8% |
| Median Age | 39.30 | 28.60 | +10.70 |
| Total Population | 20,419 | 79,497 | -- |
| Avg Household Size | 2.49 | 2.39 | +0.10 |
| Owner-Occupied | 75.0% | 48.9% | +26.1% |
| Worked From Home | 19.3% | 13.9% | +5.4% |
| Mean Commute | 17.90 | 16.80 | +1.10 |
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.