Lynchburg, VA Real Estate
According to census data in the year 2000 there were 27,640 housing units in Lynchburg.
This represents a 1.5% growth from 27,233 in 1990.
Of those housing units, 26,837 were located in either urbanized areas or urban clusters, and 803 were located in what is classified as a rural area.
Homeownership rate in Lynchburg is about 58.5%.
Lynchburg's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Lynchburg were built after 1962.
|Housing Units by Size|
|Five Bedrooms or more||4.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.44|
|Median year structure was built||1959|
|Median Value of occupied units||$85,300|
|Median Price asked for vacant units||$64,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$392|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||10.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|