Lynchburg, VA Real Estate
According to census data in the year 2000 there were 27,640 housing units in Lynchburg.
This represents a 1.5% growth from 27,233 in 1990.
Of those housing units, 26,837 were located in either urbanized areas or urban clusters, and 803 were located in what is classified as a rural area.
Homeownership rate in Lynchburg is about 58.5%.
Lynchburg's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Lynchburg were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 12.20% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $85,300 |
| Median Price asked for vacant units | $64,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $392 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 45.70% |
| Debt Free | 36.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
