The story of this market
The typical home in ZIP 24502 sells for about $295,000, or $172 per square foot.
Prices are up +5.4% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,295 a month.
This ZIP has no home sales of its own, so its market figures come from Lynchburg, Virginia (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 24502 — Lynchburg
The housing market in 24502 reflects broader Lynchburg trends with a median sale price of $269,900. Market activity shows a competitive pace, though year-over-year price metrics indicate a slight cooling compared to the previous period.
This ZIP is well-suited for family buyers and professionals seeking established suburban-style communities with integrated amenities and convenient access to city services.
Median prices moved up 5.4% year over year.
Homes spend a median of 14 days on market with 2.7 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 14.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24502, Lynchburg City, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Lynchburg City Schools, with various institutions providing standard public education services.
The area features established residential communities like Wyndhurst, which integrates commercial services, dining, and recreational amenities.
The ZIP provides access to major local thoroughfares facilitating transit toward the Lynchburg employment core.
Residents have access to local amenities including the Wyndhurst community park, YMCA facilities, and various neighborhood shopping and dining districts.
The rental market includes a mix of residential options, with demand supported by the area's proximity to local services and employment hubs.
The local economy is anchored by a mix of service, retail, and institutional employers typical of the Lynchburg metropolitan area.
The area is served by local road networks providing connectivity to the broader Lynchburg region.
Development activity is focused on maintaining the established residential and commercial character of the Wyndhurst and surrounding neighborhoods.
Data sourced from US Census Bureau ZCTA profile for 24502.
Features a play park, YMCA, restaurants, and various shops.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 24.5% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $269,900 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.