Interested in purchasing investment houses in the 24503 zip code in Lynchburg, VA?
The zip code 24503 is in both Bedford and City of Lynchburg counties with a latitude of -79.249640000000 and longitude of 37.453300000000, is in the state of Virginia. The average asking price of houses and condos is $271,691.00 and the average sale price was $219,247.00. this regions is classified as the Roanoke metro area and is in the 434 area code. The location in degrees is 37° 27' 11.88" N, 79° 14' 58.704" W. The county F.I.P.S. is 51680. This zip code contains two cities including Lynchburg, VA (31.50%), and Forest, VA (1.02%) The total land area is 41.8 square miles and the water area is 0.8 square miles. The elevation in this area is 650 - 1132 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24503 is in county number 680 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 19,560 in 2019 and 19,331 in 2010. Of this, the break down in 2019 was 15,252 urban and 4,307 rural. This further breaks down to 9,469 males (48.4%) and 10,090 females (51.6%). The median age of residents is 43.9 years. The population of the greater Lynchburg, VA area is 249,791. The population density (people per square mile) is 468. This zip code has a combined total of 8,596 houses and condos. There are 2,209 rented appartments. 28% of residents rent versus the 28% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $88,900 and the average salary is $68,722. The median household income of individuals is $61,634.00 and the average is $103,230.00. This zip code has a mean commute time to work of 20.6 minutes. The unemployment rate is 3.9%. Income earners by percent breakdown as 41.30% (Under $50,000), 30.60% ($50,000-$100,000), and 28.10% earn over $100,000. 7.9% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 84.4. The educational breakdown is 95.6% have a high school education or higher, 56.0% have a bachelor's degree or higher, and 27.7% have some kind of profesional degree.
This area has 8,008 households and the average size is 2.4 people. Individuals who are single and have never been married are 29.4%, 52.7% are now married, 2.5% are separated, 6.2% are widowed, and 9.2% are divorced. The average yearly contribution amount given by people to charity was $7,758 versus the state average of $4,443. The percent of residents who gave to charity was 40.6%.
The estimated median value of houses and condos is $258,081. The median monthly owner costs of mortgage holders was $1,479, where as the costs for those who don't have a mortgage are $522. The median number of rooms in houses and condos are 7.7 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 $2,018. 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 $2,023. 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 $2,021. Reported taxable interest for persons was $2,374, dividends $11,971, capital gains +$17,831, and itemized deductions $29,441. The average earned income tax credit is $2,021. The percent of individuals that use a tax preparer is 49.6%. The total average income taxes paid by individuals was $10,831. Businesses reported an average profit of $14,319.
Milano's Italian Restaurant
4327 Boonsboro Rd, Lynchburg, VA 24503
Isabella's Italian Trattoria
4925 Boonsboro Rd, Lynchburg, VA 24503
Tokyo Hibachi Grill
2822 Linkhorne Dr, Lynchburg, VA 24503
88 Tokyo
2822A Linkhorne Dr, Lynchburg, VA 24503
Pok-E-Joe's
4925 Boonsboro Rd, Lynchburg, VA 24503
Market At Main 03
4925 Boonsboro Rd, Lynchburg, VA 24503
Cavalier Store
2920 Rivermont Ave, Lynchburg, VA 24503
Dragon's Garden
4925 Boonsboro Rd, Lynchburg, VA 24503
Great Wall Chinese Restaurant
4119 Boonsboro Rd Ste 150, Lynchburg, VA 24503
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