Interested in purchasing investment houses in the 24502 zip code in Lynchburg, VA?
The zip code 24502 is in both City of Lynchburg and Campbell counties with a latitude of -79.220550000000 and longitude of 37.358070000000, is in the state of Virginia. The average asking price of houses and condos is $169,118.00 and the average sale price was $136,495.00. this regions is classified as the Roanoke metro area and is in the 434 area code. The location in degrees is 37° 21' 29.052" N, 79° 13' 13.98" W. The county F.I.P.S. is 51680. This zip code contains three cities including Lynchburg, VA (60.73%), Timberlake, VA (18.85%), and Forest, VA (2.76%) The total land area is 27.7 square miles and the water area is 0.2 square miles. The elevation in this area is 725 - 968 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24502 is in county number 680 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 46,546 in 2019 and 43,426 in 2010. Of this, the break down in 2019 was 44,614 urban and 1,931 rural. This further breaks down to 21,943 males (47.1%) and 24,603 females (52.9%). The median age of residents is 28.5 years. The population of the greater Lynchburg, VA area is 249,791. The population density (people per square mile) is 1,678. This zip code has a combined total of 18,280 houses and condos. There are 7,633 rented appartments. 46% of residents rent versus the 46% 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 $44,938 and the average salary is $40,548. The median household income of individuals is $48,915.00 and the average is $49,970.00. This zip code has a mean commute time to work of 18.1 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 51.20% (Under $50,000), 35.40% ($50,000-$100,000), and 13.40% earn over $100,000. 14.1% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 85.0. The educational breakdown is 92.2% have a high school education or higher, 37.8% have a bachelor's degree or higher, and 13.9% have some kind of profesional degree.
This area has 16,010 households and the average size is 2.4 people. Individuals who are single and have never been married are 45.3%, 39.9% are now married, 0.9% are separated, 5.9% are widowed, and 8.0% are divorced. The average yearly contribution amount given by people to charity was $4,842 versus the state average of $4,443. The percent of residents who gave to charity was 22.7%.
The estimated median value of houses and condos is $183,665. The median monthly owner costs of mortgage holders was $1,200, where as the costs for those who don't have a mortgage are $395. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $1,394. 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 0.8% which amounted to an average tax amount of $1,402. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $1,388. Reported taxable interest for persons was $1,108, dividends $3,363, capital gains +$5,184, and itemized deductions $18,117. The average earned income tax credit is $2,064. The percent of individuals that use a tax preparer is 40.4%. The total average income taxes paid by individuals was $5,455. Businesses reported an average profit of $6,903.
Ty Thai Cuisine
112 Tradewynd Dr, Lynchburg, VA 24502
Osaka Japanese Express
4901 Fort Ave, Lynchburg, VA 24502
YAMATO
4915 Fort Ave, Lynchburg, VA 24502
Kenko Hibachi
112 Cornerstone St, Lynchburg, VA 24502
Yamazato Japanese Restaurant
21039 Timberlake Rd, Lynchburg, VA 24502
Sakura Japanese Steak & Seafood House
6113 Fort Ave, Lynchburg, VA 24502
Oishii
3412 Waterlick Rd, Lynchburg, VA 24502
Texas Roadhouse
3816 Wards Rd, Lynchburg, VA 24502
Dickey's Barbecue Pit
4017 Wards Rd, Lynchburg, VA 24502
Porter House Bar and Grill
126 Old Graves Mill Rd, Lynchburg, VA 24502
Blue Ridge BBQ & Catering
21700 Timberlake Rd, Lynchburg, VA 24502
Charley's Restaurant
707 Graves Mill Rd, Lynchburg, VA 24502
The Perking House Coffee and Tea Company
1712 Danbury Dr, Lynchburg, VA 24502
Shakers Restaurant
3401 Candlers Mountain Rd, Lynchburg, VA 24502
O'Charley's
4042 Wards Rd, Lynchburg, VA 24502
Logan's Roadhouse
4046 Wards Rd, Lynchburg, VA 24502
Super Buys
21700 Timberlake Rd, Lynchburg, VA 24502
Blue Ridge Bagels
19327 Leesville Rd, Lynchburg, VA 24502
Texas Inn Cornerstone
110 Cornerstone St, Lynchburg, VA 24502
Mister Goodies
21556 Timberlake Rd, Lynchburg, VA 24502
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