Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$288,388+2.9% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$62,516About 0.9× the local median income ($67,087): affordable for a typical household
Days on market59 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, VA is worth $288,388, up 2.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $259,257, so the area is 11.2% overvalued. It is a balanced market, leaning toward buyers: homes take about 59 days to sell, listings are up 21% 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 $62,516 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 $67,087. Typical rent is $1,288 a month, or $1,624 for a house. In the latest IRS figures, 1,333 more people moved in than out.
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
$288,388
Change in 1 year
+2.9%
Overvalued %
+11.2%
Show 7 more
Fair home value
$259,257
Change in 5 years
+29.5%
Zillow forecast, next 12 months
+2.7%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,563
Income needed to afford it
$62,516
Property tax rate
0.51%
Rent and investing
Typical rent
$1,288
Typical rent for houses
$1,624
Price-to-rent ratio
18.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,117
Gross rental yield
5.36%
Cap rate (estimate)
3.48%
Market activity
Listings vs a year ago
+20.9%
Days on market
59
Listings with a price cut
21.9%
Show 3 more
Homes for sale
1,072
Pending sales per 100 listings
46
Asking price per sq ft
$193
People and jobs
Median household income
$67,087
Population change (1 year)
+0.8%
Unemployment rate
4.2%
Show 4 more
Population
269,169
Income adjusted for cost of living
$75,041
Net moves in (IRS)
+1,333
Cost of living (US = 100)
89.4
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
40.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
57.0
Wildfire risk score
38.8
Walkability (1 to 20)
8.2
Road, rail and air noise
53 dB
Questions people ask
Is Lynchburg, VA overvalued?
Home prices in Lynchburg, VA are well above what local incomes have historically supported: fair value is about $259,257, so the area is 11.2% overvalued.
Is Lynchburg, VA a buyer's or seller's market?
Lynchburg, VA is a balanced market, leaning toward buyers: homes take about 59 days to sell, listings are up 21% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Lynchburg, VA?
Home values in Lynchburg, VA are up 2.9% 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, VA?
A household needs about $62,516 a year to afford the typical home in Lynchburg, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,087.