The story of this market
The typical home in ZIP 24515 sells for about $295,000, or $165 per square foot.
Prices are up +5% 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 $1,250 a month.
ZIP 24515 — Lynchburg
The housing market in the 24515 area shows steady growth with a median sale price of $295,000, reflecting a 5% year-over-year increase. Sales activity remains consistent with a 99% sale-to-list ratio, indicating a balanced market between buyers and sellers. Low inventory levels continue to support price stability in the region.
This area is well-suited for families and local workers seeking affordable housing options within the broader Lynchburg metropolitan area.
Median prices moved up 5.0% year over year.
Homes spend a median of 14 days on market with 2.7 months of supply — a fast-moving market.
12% 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 11.6% · poverty 14.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24515, Campbell County VA
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 part of the Lynchburg metropolitan economic sphere, benefiting from regional industrial and educational anchors.
Property taxes are assessed at the county level in Campbell County; specific district rates may apply for municipal services.
Residents typically commute toward Lynchburg via major regional corridors; transit options are limited, necessitating personal vehicle use.
The area features proximity to the James River for outdoor activities and local parks within the town of Altavista.
The rental market is characterized by steady demand from local workers and students, with moderate vacancy pressure.
The economy is anchored by manufacturing, education, and healthcare sectors within the Lynchburg metropolitan area.
Regional connectivity is primarily served by highway infrastructure connecting to Lynchburg and surrounding counties.
Campbell County assesses property values for tax purposes based on fair market value.
Parcels are subject to Campbell County tax levies and regional school district funding.
Standard property insurance coverage is available, with premiums influenced by regional weather patterns.
Data retrieved from data.census.gov ZCTA-level tables.
Provides regional recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.