City:
Amherst is a city in the state of virginia with a population of roughly 9,830. It is in Amherst County, Virginia the Lynchburg, VA core-based statistical areas (CBSA), Its Zip codes include 24521 .
Real estate in Amherst, VA is a hot commodity. With a population of just over 20,000 people, the town has seen an influx of new residents in recent years due to its proximity to Charlottesville and Washington D.C. As a result, prices for homes and apartments have soared.
According to Zillow, the median home price in Amherst was $269,900 as of September 2017. This is up from $223,500 only five years earlier! The average rent for an apartment in Amherst was also above the national average at $1,099 per month as of September 2017.
One reason for this high demand may be that many jobs are located nearby in Charlottesville or Washington D.C., making it easy for residents to commute into the city. Additionally, Amherst is known for its beautiful scenery and peaceful atmosphere. This may be another factor contributing to the high demand for real estate here.
Despite these positive factors, there are some potential drawbacks associated with living in Amherst. For one thing, it can be difficult to find parking spaces on busy streets like Main Street or Jefferson Avenue during peak hours. Additionally, there isn't much nightlife or entertainment options available in town compared to other areas of Virginia that are popular with young professionals such as Richmond or Alexandria.
Price Index: Lynchburg, VA