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 Size

Housing Units by Size
Studio Type1.50%
One Bedroom12.20%
Two Bedrooms32.80%
Three Bedrooms34.70%
Four Bedrooms14%
Five Bedrooms or more4.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1959
Median Value of occupied units$85,300
Median Price asked for vacant units$64,500

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1967
Median Monthly Rent asked for vacant units$392

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.70%
Home Equity Loan10.80%
Simple Mortgage45.70%
Debt Free36.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%