24503, Lynchburg, VA

Lynchburg, VA is a city located in the Shenandoah Valley of Virginia. The population of Lynchburg was 143,906 as of the 2010 census. The 24503 zip code covers much of the city and has a population of about 25,000.

The median home value in the 24503 zip code is $130,000. This is significantly lower than the statewide median home value of $225,000 and the national median home value of $177,500. However, this does not mean that homes in the 24503 zip code are cheap by any means. In fact, according to Zillow’s recent report on “The 20 Most Expensive ZIP Codes in America”, 9 out of 10 homes in this zip code are worth more than $200,000.

One reason why homes in Lynchburg are so expensive is that there is a high demand for housing here. According to Zillow’s report on “The 20 Most Expensive ZIP Codes in America”, there are currently more than 1 million people living in ZIP codes with a median home value above $200,000 – which is more than any other ZIP code nationwide! Additionally, Lynchburg has been experiencing strong economic growth over the past few years – which has led to an increase in jobs and businesses throughout the city. As a result, there are plenty of people who want to live here and buy property – which has helped drive up prices even further!