The story of this market
The typical home in ZIP 24526 sells for about $259,000, or $163 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $809 a month.
ZIP 24526 — Big Island
The housing market in the 24526 ZIP code remains stable, characterized by low inventory and a rural, slow-paced sales environment. Prices have remained relatively flat compared to the broader Lynchburg metro area, reflecting a lack of new development and consistent demand from local residents. Market conditions are currently balanced, with few signs of significant volatility.
This ZIP is best suited for those seeking a rural lifestyle, outdoor enthusiasts, and families looking for affordable housing away from the density of the Lynchburg metro core.
Median prices moved down 3.5% year over year.
Homes spend a median of 25 days on market with 2.0 months of supply — a fast-moving market.
30% of listings have cut prices · homes sell at 98.3% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 4.1% — a stable, low-distress 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 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24526, Bedford 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.
Not determinable at the ZIP level; regional crime data for the broader Lynchburg area is monitored by local law enforcement.
Schools serving the Big Island area are part of the Bedford County Public Schools system, which generally maintains a rural district profile.
The area is subject to standard regional climate risks including seasonal storms and potential flooding near the James River; insurance premiums are influenced by these environmental factors.
Economic momentum is tied to the broader Lynchburg and Bedford County industrial base, with limited new large-scale commercial development reported within the immediate Big Island ZIP code.
Property taxes are assessed by Bedford County based on fair market value; the jurisdiction utilizes a standard real estate tax rate applied to all residential parcels.
Residents typically rely on personal vehicles for commuting, with travel times to Lynchburg or Bedford employment centers ranging from 20 to 40 minutes.
The area offers significant outdoor access including proximity to the James River, the Blue Ridge Parkway, and local hiking trails within the Jefferson National Forest.
The rental market is characterized by limited inventory and lower turnover compared to urban centers, with demand primarily driven by local workforce needs.
The local economy is supported by regional manufacturing, agriculture, and services centered in the broader Lynchburg and Bedford County area.
Transportation is primarily highway-based, with limited public transit options available in this rural ZIP code.
No major large-scale commercial or residential developments are currently reported for this specific ZIP code.
Bedford County utilizes a centralized assessment system to determine property values for tax purposes.
Parcels are subject to Bedford County school and general government tax levies.
Property insurance rates are influenced by rural fire protection ratings and regional weather patterns.
Data retrieved from data.census.gov for ZCTA 24526.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides recreational opportunities including fishing and boating.
Extensive public land for hiking and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.