Interested in purchasing investment houses in the 24504 zip code in Lynchburg, VA?
The zip code 24504 is in both Campbell and City of Lynchburg counties with a latitude of -79.054440000000 and longitude of 37.361040000000, is in the state of Virginia. The average asking price of houses and condos is $147,898.00 and the average sale price was $54,971.00. this regions is classified as the Roanoke metro area and is in the 434 area code. The location in degrees is 37° 21' 39.744" N, 79° 3' 15.984" W. The county F.I.P.S. is 51680. This zip code contains three cities including Lynchburg, VA (14.55%), Concord, VA (0.26%), and Rustburg, VA (0.07%) The total land area is 32.1 square miles and the water area is 0.4 square miles. The elevation in this area is 623 - 860 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24504 is in county number 011 and is L. Sector 52, L. Segment 10, H. Sector 10, and H. Segment 10. The population was 9,871 in 2019 and 9,777 in 2010. Of this, the break down in 2019 was 7,284 urban and 2,586 rural. This further breaks down to 4,779 males (48.4%) and 5,092 females (51.6%). The median age of residents is 37.2 years. The population of the greater Lynchburg, VA area is 249,791. The population density (people per square mile) is 307. This zip code has a combined total of 4,834 houses and condos. There are 1,885 rented appartments. 48% of residents rent versus the 48% 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 $36,688 and the average salary is $31,985. The median household income of individuals is $30,180.00 and the average is $44,820.00. This zip code has a mean commute time to work of 20.6 minutes. The unemployment rate is 5.1%. Income earners by percent breakdown as 72.50% (Under $50,000), 21.40% ($50,000-$100,000), and 6.00% earn over $100,000. 18.2% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 85.1. The educational breakdown is 88.4% have a high school education or higher, 25.3% have a bachelor's degree or higher, and 7.4% have some kind of profesional degree.
This area has 3,763 households and the average size is 2.4 people. Individuals who are single and have never been married are 42.1%, 38.7% are now married, 3.1% are separated, 6.2% are widowed, and 10.0% are divorced. The average yearly contribution amount given by people to charity was $4,576 versus the state average of $4,443. The percent of residents who gave to charity was 14.2%.
The estimated median value of houses and condos is $169,732. The median monthly owner costs of mortgage holders was $1,089, where as the costs for those who don't have a mortgage are $395. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $981. 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 0.6% which amounted to an average tax amount of $966. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $1,021. Reported taxable interest for persons was $997, dividends $2,106, capital gains +$2,211, and itemized deductions $18,507. The average earned income tax credit is $2,394. The percent of individuals that use a tax preparer is 41.1%. The total average income taxes paid by individuals was $5,646. Businesses reported an average profit of $6,205.
William & Henry Steakhouse
712 Church St, Lynchburg, VA 24504
Fratelli Italian Kitchen
1200 Commerce St Ste 200, Lynchburg, VA 24504
Depot Grille
10 9th St, Lynchburg, VA 24504
Spring House Dining
9789 Richmond Hwy, Lynchburg, VA 24504
Moore's Country Store
6963 Richmond Hwy, Lynchburg, VA 24504
Skyline
712 Church St, Lynchburg, VA 24504
Marigold Coffee & Wine Bar
712 Church St, Lynchburg, VA 24504
Robin Alexander Bistro
1344 Main St Ste B, Lynchburg, VA 24504
Market At Main
904 Main St, Lynchburg, VA 24504
7 Rooftop Bar
1208 Commerce St Unit 701, Lynchburg, VA 24504
My Dog Duke's Diner
1007 Commerce St, Lynchburg, VA 24504
RA Bistro
1344 Main St, Lynchburg, VA 24504
Shoemaker's Restaurant
1312 Commerce St, Lynchburg, VA 24504
Virginia Restaurant
712 Church St, Lynchburg, VA 24504
Italian Restaurant
1200 Commerce St, Lynchburg, VA 24504
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