24504, Lynchburg, VA

The 24504 zip code of Lynchburg, VA is home to a population of around 104,000 people. The median household income in this zip code is $50,000, and the median home value is $135,000. The percentage of homes that are owner-occupied is around 68%, and the percentage of homes that are renter-occupied is around 32%.

The average rate on a 30-year fixed mortgage in this zip code is 4.02%, and the average rate on a 15-year fixed mortgage is 3.92%. The percentage of households that have at least one credit card is around 34%, and the percentage of households that have at least one car loan is around 21%.

There are a number of factors that can affect home prices in Lynchburg, VA. These include interest rates, local market conditions, and inventory levels. Over the past year or so, there has been an increase in demand for housing in Lynchburg due to increasing employment opportunities and an improving economy. This has led to increased prices for both owner-occupied homes and rental properties in this zip code.