Lynchburg, MS Real Estate
According to census data in the year 2000 there were 1,067 housing units in Lynchburg.
This represents a 52.6% growth from 699 in 1990.
Of those housing units, 952 were located in either urbanized areas or urban clusters, and 115 were located in what is classified as a rural area.
Homeownership rate in Lynchburg is about 85.5%.
Lynchburg's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.98 people.
The majority of houses, apartments or condos in Lynchburg were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1% |
| Two Bedrooms | 14.80% |
| Three Bedrooms | 68.10% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $101,000 |
| Median Price asked for vacant units | $99,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.12 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.90% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 72.90% |
| Debt Free | 8.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
