Interested in purchasing investment houses in the 24501 zip code in Lynchburg, VA?
The zip code 24501 is in both Campbell and City of Lynchburg counties with a latitude of -79.155780000000 and longitude of 37.353000000000, is in the state of Virginia. The average asking price of houses and condos is $117,158.00 and the average sale price was $72,440.00. this regions is classified as the Roanoke metro area and is in the 434 area code. The location in degrees is 37° 21' 10.8" N, 79° 9' 20.808" W. The county F.I.P.S. is 51680. This zip code contains two cities including Lynchburg, VA (36.41%), and Timberlake, VA (0.88%) The total land area is 38.5 square miles and the water area is 0.2 square miles. The elevation in this area is 630 - 892 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24501 is in county number 680 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 28,341 in 2019 and 26,757 in 2010. Of this, the break down in 2019 was 25,343 urban and 2,997 rural. This further breaks down to 12,976 males (45.8%) and 15,365 females (54.2%). The median age of residents is 29.4 years. The population of the greater Lynchburg, VA area is 249,791. The population density (people per square mile) is 736. This zip code has a combined total of 11,992 houses and condos. There are 5,613 rented appartments. 54% of residents rent versus the 54% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $30,808 and the average salary is $28,563. The median household income of individuals is $30,737.00 and the average is $34,940.00. This zip code has a mean commute time to work of 18.7 minutes. The unemployment rate is 5.2%. Income earners by percent breakdown as 71.70% (Under $50,000), 22.10% ($50,000-$100,000), and 6.20% earn over $100,000. 21.7% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 84.1. The educational breakdown is 82.2% have a high school education or higher, 20.6% have a bachelor's degree or higher, and 6.7% have some kind of profesional degree.
This area has 10,595 households and the average size is 2.4 people. Individuals who are single and have never been married are 47.4%, 31.5% are now married, 2.7% are separated, 6.9% are widowed, and 11.5% are divorced. The average yearly contribution amount given by people to charity was $4,106 versus the state average of $4,443. The percent of residents who gave to charity was 11.9%.
The estimated median value of houses and condos is $130,368. The median monthly owner costs of mortgage holders was $1,061, where as the costs for those who don't have a mortgage are $296. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $942. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $977. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $905. Reported taxable interest for persons was $806, dividends $2,574, capital gains +$3,076, and itemized deductions $15,883. The average earned income tax credit is $2,398. The percent of individuals that use a tax preparer is 40.3%. The total average income taxes paid by individuals was $4,470. Businesses reported an average profit of $7,252.
Outback Steakhouse
3121 Albert Lankford Dr, Lynchburg, VA 24501
Isabella's
3225 Old Forest Rd, Lynchburg, VA 24501
Harbor Inn Seafood
3220 Old Forest Rd, Lynchburg, VA 24501
Monte Carlo Restaurant
3230 Old Forest Rd, Lynchburg, VA 24501
Country Kitchen
2326 Lakeside Dr, Lynchburg, VA 24501
Koyoto Japanese Express
3211-E Forest Brooks Road, Lynchburg, VA 24501
King's Island Restaurant
2804 Old Forest Rd, Lynchburg, VA 24501
Suzaku Cafe
3404 Old Forest Rd, Lynchburg, VA 24501
The Bistro Bros.
2225 Lakeside Dr, Lynchburg, VA 24501
Shakers Restaurant Corp
3617 Old Forest Rd, Lynchburg, VA 24501
Blue Orchid Restaurant and Bar
2126 Lakeside Dr, Lynchburg, VA 24501
A2z Restaurant Stuff
1415 Kemper St, Lynchburg, VA 24501
Trust Chinese Restaurant
2221 Florida Ave, Lynchburg, VA 24501
Kenney's Restaurant
2062 Fort Ave, Lynchburg, VA 24501
Seasons Restaurant
3436 Odd Fellows Rd, Lynchburg, VA 24501
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