Rental market snapshot for Lynchburg, Virginia

Lynchburg, Virginia Rental Property Market Overview

Lynchburg, Virginia is a city located in the foothills of the Blue Ridge Mountains in the Commonwealth of Virginia. According to the US Census, Lynchburg had an estimated population of 79,009 in 2021. The city is home to several universities, including Liberty University and Randolph College, as well as a variety of cultural attractions, such as the Lynchburg Museum and the Academy of Fine Arts. Lynchburg is also known for its vibrant music scene, with a variety of venues hosting live music events. With its beautiful natural scenery, rich history, and vibrant culture, Lynchburg is a great place to live and visit.

The average rent for an apartment in Lynchburg is $1,344. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Lynchburg Virginia | Cost of Living

  • The most expensive ZIP code in Lynchburg is 24502 with an average price of $1,452.
  • The cheapest ZIP code in Lynchburg is 24501 with an average price of $1,272.

Lynchburg ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
124502$1,452
224504$1,449
324503$1,381
424501$1,272

Live near Lynchburg, Virginia's Top Sights and Attractions

Museum Of Earth And Life History is an interactive museum that offers visitors a unique opportunity to explore the natural history of the area. Visitors can explore the museum's exhibits, which include fossils, minerals, and artifacts from the region's past. The museum also features interactive activities, such as a fossil dig and a simulated river. Additionally, the museum offers educational programs and events, such as lectures and workshops.

City Stadium is a historic sports venue located in Lynchburg, Virginia. It was built in the early 1900s and has been home to many professional and amateur sports teams over the years. The stadium features a large grass field surrounded by a track, bleachers, and a grandstand. The stadium is also home to a variety of events, including concerts, festivals, and other community gatherings. The stadium is a popular destination for locals and visitors alike, and is a great place to take in a game or enjoy a day out with friends and family.

Blackwater Creek Natural Area is a scenic outdoor destination located in Lynchburg, Virginia. It features a two-mile long paved trail that winds through the forest, offering stunning views of the creek and its surrounding wetlands. The trail is perfect for walking, jogging, biking, and rollerblading, and is also home to a variety of wildlife. The area also features a picnic area, playground, and fishing pier, making it a great spot for a family outing.

Peaks View Park is a scenic overlook located on a hilltop in Lynchburg, Virginia. It offers stunning views of the Blue Ridge Mountains and the James River Valley. The park features a variety of trails, picnic areas, and playgrounds, as well as a large pavilion and a fishing pond. Visitors can also enjoy a variety of outdoor activities such as hiking, biking, and bird watching. The park is a great place to relax and take in the beauty of nature.

College Park is a beautiful, historic park located in Lynchburg, Virginia. It features a large, open green space surrounded by mature trees, a picturesque lake, and a variety of walking trails. The park is home to a variety of wildlife, including ducks, geese, and other birds. It also features a playground, picnic areas, and a gazebo. College Park is a popular destination for locals and visitors alike, offering a peaceful and relaxing atmosphere.

Miller Park is a large public park located in Lynchburg, Virginia. It features a variety of outdoor activities, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a large amphitheater, which hosts concerts and other events throughout the year. There is also a large pavilion with a concession stand, restrooms, and a gift shop. The park is a popular destination for families and visitors alike, offering a peaceful and scenic atmosphere.

Heritage Park is a beautiful outdoor attraction located in the foothills of the Blue Ridge Mountains. It features a variety of recreational activities, including a walking trail, a playground, a picnic area, and a lake. The park also has a variety of historical monuments, including a Civil War cannon, a memorial to the city's founders, and a memorial to the city's veterans. Visitors can also enjoy a variety of educational programs, such as guided tours and lectures.

Lower Bluffwalk is a scenic walking trail located along the banks of the James River in Lynchburg, Virginia. The trail is approximately 1.5 miles long and offers stunning views of the river and the surrounding Blue Ridge Mountains. Along the trail, visitors can enjoy a variety of activities such as fishing, kayaking, and bird watching. The trail also features a variety of native plants and wildlife, making it a great spot for nature lovers.

Perrymont Park is a beautiful outdoor area located in the foothills of the Blue Ridge Mountains. It features a variety of activities, including hiking trails, picnic areas, a playground, and a disc golf course. The park also has a pond, which is stocked with fish and is a popular spot for fishing. There are also several pavilions available for rent, making it a great spot for family gatherings and events.

The Lynchburg Museum System is a collection of museums and historic sites that tell the story of the city's past. Visitors can explore the history of the city through exhibits, artifacts, and interactive displays. The museums feature a variety of topics, including the city's role in the Civil War, the development of the railroad, and the growth of the tobacco industry. The museum system also includes a variety of educational programs, special events, and guided tours.

Lynchburg, Virginia area median rent change by ZIP code map

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How does Lynchburg compare to other cities in Virginia?

citymedian price
Chantilly$2,809
Motley$2,745
Ashburn$2,290
Falls Church$2,193
Manassas$1,962
Culpeper$1,595
Richmond$1,535
Petersburg$1,244
Hopewell$1,150

Average household income in Lynchburg area graph - US Census

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The median household income in Lynchburg in 2021 was $54,015. This represents a 43.0% change from 2011 when the median was $37,774.

#categorypercent
0Less than $10,0007.6%
1$10,000 to $14,9995.0%
2$15,000 to $19,9993.8%
3$20,000 to $24,9995.7%
4$25,000 to $29,9996.2%
5$30,000 to $34,9996.6%
6$35,000 to $39,9995.1%
7$40,000 to $44,9996.1%
8$45,000 to $49,9994.9%
9$50,000 to $59,9998.7%
10$60,000 to $74,9999.5%
11$75,000 to $99,99914.1%
12$100,000 to $124,9997.2%
13$125,000 to $149,9993.4%
14$150,000 to $199,9993.5%
15$200,000 or more2.6%

Neighborhoods in Lynchburg

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Lynchburg is $1,344.
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