The story of this market
The typical home in ZIP 24503 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 24503 — Lynchburg
The 24503 housing market is currently very competitive, characterized by a significant year-over-year increase in median sale prices and a reduction in the time homes spend on the market. This trend suggests strong buyer demand relative to the available inventory in this specific Lynchburg ZIP code.
This ZIP is well-suited for family buyers and those seeking established residential neighborhoods, as evidenced by the competitive market and higher median home values compared to the broader Lynchburg area.
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 2.8% · poverty 7.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24503, 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.
Data sourced from US Census Bureau and UnitedStatesZipCodes.org
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 70.4% 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 $407,795 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.