Lynchburg city, Virginia Housing Market
In Lynchburg city, Virginia, the median home value is $229,800, with a median monthly rent of $1,073. This places Lynchburg city at #1080 nationally out of 3134 counties by median home value, and #83 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,200
- Establishments: 2,650
- BLS QCEW, 2025
Housing Supply
- Single-family: 189
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 28,273 (avg $69,257)
- Outflow: 25,824 (avg $70,656)
- IRS Statistics of Income
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| Metric | Lynchburg city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $229,800 | $295,807 | $227,706 |
| Median Gross Rent | $1,073 | $1,169 | $968 |
| Owner Occupancy Rate | 48.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 17.8 | 20.3 | 18.7 |
Market Analysis
The median home value in Lynchburg city is 22.3% below the Virginia state average and 0.9% above the U.S. national average. The median rent of $1,073/month is 8.2% below the state average.
With a price-to-rent ratio of 17.8, the buy-vs-rent decision in Lynchburg city is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lynchburg city has an owner-occupancy rate of 48.9%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| West Baton Rouge Parish | Louisiana | $229,900 | $973 |
| Grant County | Oregon | $229,700 | $789 |
| Lincoln County | Tennessee | $229,700 | $857 |
| Harrison County | Indiana | $229,600 | $836 |
| Lyon County | Iowa | $230,000 | $843 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Richmond County | $231,500 | $1,067 | 74.7% |
| King and Queen County | $231,600 | $1,004 | 75.7% |
| Page County | $233,200 | $879 | 71.8% |
| Floyd County | $225,400 | $878 | 83.9% |
| Essex County | $238,100 | $972 | 71.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).