Home

Lynchburg, TN Real Estate


According to census data in the year 2000 there were 2,515 housing units in Lynchburg.

Of those housing units, none were located in either urbanized areas or urban clusters, and 2,515 were located in what is classified as a rural area.

Homeownership rate in Lynchburg is about 83.7%. Lynchburg's vacancy rate, including seasonal lodging, is about 12.1%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Lynchburg were built after 1977.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom3.90%
Two Bedrooms22.80%
Three Bedrooms52.40%
Four Bedrooms17.50%
Five Bedrooms or more2.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1977
Median Value of occupied units$85,600
Median Price asked for vacant units$63,300

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1975
Median Monthly Rent asked for vacant units$150

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan2.10%
Simple Mortgage40.30%
Debt Free52.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%