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Lynchburg city Housing Market

Virginia · 133 counties · Ranked #2025 in home value

Below National Avg

Housing at a Glance

Median Home Value

$211,800

vs national$211,800 vs $281,900 national

Median Gross Rent

$1,043/mo

vs national$1,043 vs $1,163 national

Effective Tax Rate

0.84%

vs national0.84% vs 1.02% national

Median Household Income

$59,808

vs national$59,808 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,778

Tax as % of Home Value

0.84%

Monthly Owner Cost

$979

Renter Income

$42,270

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Frequently Asked Questions

What is the median home value in Lynchburg city?

The median home value in Lynchburg city is $211,800. This is below the national median of $281,900.

How much is rent in Lynchburg city?

The median gross rent in Lynchburg city is $1,043 per month.

What is the property tax rate in Lynchburg city?

The effective property tax rate in Lynchburg city is 0.84%. The median annual property tax bill is $1,778.

Is Lynchburg city affordable?

With a home-value-to-income ratio of 3.5x, Lynchburg city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.