Lynchburg, VA — Demographics & Statistics
ZIP code 24501 serves a portion of Lynchburg, Virginia, within Lynchburg City. This community is home to approximately 11,080 residents, with a median age of 28.5 years. The median household income of $71,830 sits above the national median of $67,521, while median home values of $402,248 are above the national average of $301,500. The area has a renter-majority housing profile, with 23% owner-occupied and 77% renter-occupied units. Cost of living in this part of Lynchburg is higher than the national baseline, with an index of 126 (100 = national average). With a college-education rate of 51% and an unemployment rate of 4.7%, 24501 reflects the economic character of Lynchburg City in Virginia.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 11,080 | — |
| Population | Density (per sq mi) | 11,688 | — |
| Economics | Median Household Income | $71,830 | ↑ 6% vs nat'l avg |
| Economics | Median Home Value | $402,248 | ↑ 33% vs nat'l avg |
| Economics | Cost of Living Index | 126 | ↑ Higher than avg |
| Economics | Unemployment Rate | 4.7% | ↑ 21% vs nat'l avg |
| Economics | Below Poverty Line | 10.4% | ↓ 9% vs nat'l avg |
| Education | College Educated (25+) | 51% | ↑ 46% vs nat'l avg |
| Demographics | Median Age | 28.5 yrs | ↓ 26% vs nat'l avg |
| Housing | Owner-Occupied | 23% | — |
| Housing | Renter-Occupied | 77% | — |
| Housing | Total Housing Units | 4,653 | — |