Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$243,511+0.2% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$52,788About 0.9× the local median income ($57,883): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Lynchburg City, VA is worth $243,511, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $219,550, so the area is 10.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 54 days to sell, listings are up 16% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $52,788 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,883. Typical rent is $1,270 a month, or $1,602 for a house. In the latest IRS figures, 348 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$243,511
Change in 1 year
+0.2%
Overvalued %
+10.9%
Show 7 more
Fair home value
$219,550
Change in 5 years
+28.5%
Zillow forecast, next 12 months
+2.7%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,320
Income needed to afford it
$52,788
Property tax rate
0.79%
Rent and investing
Typical rent
$1,270
Typical rent for houses
$1,602
Price-to-rent ratio
16.0×
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HUD Fair Market Rent, 2 bedrooms
$1,117
Gross rental yield
6.26%
Cap rate (estimate)
4.07%
Market activity
Listings vs a year ago
+15.9%
Days on market
54
Listings with a price cut
22.0%
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Homes for sale
292
Pending sales per 100 listings
42
Asking price per sq ft
$166
People and jobs
Median household income
$57,883
Population change (1 year)
+1.3%
Unemployment rate
5.3%
Show 4 more
Population
81,347
Income adjusted for cost of living
$64,746
Net moves in (IRS)
−348
Cost of living (US = 100)
89.4
Schools, risk and environment
School rating (1 to 10)
3.4
FEMA hazard risk score (0 to 100)
49.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
65.3
Wildfire risk score
8.7
Walkability (1 to 20)
13.8
Road, rail and air noise
52 dB
Questions people ask
Is Lynchburg City, VA overvalued?
Home prices in Lynchburg City, VA are well above what local incomes have historically supported: fair value is about $219,550, so the area is 10.9% overvalued.
Is Lynchburg City, VA a buyer's or seller's market?
Lynchburg City, VA is a balanced market, leaning toward buyers: homes take about 54 days to sell, listings are up 16% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Lynchburg City, VA?
Home values in Lynchburg City, VA are up 0.2% over the last year. Zillow's forecast for the next 12 months is +2.7%.
How much do you need to earn to buy a home in Lynchburg City, VA?
A household needs about $52,788 a year to afford the typical home in Lynchburg City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,883.