| ZIP Code | 24502 |
|---|---|
| City | Lynchburg |
| State | Virginia (VA) |
| County | Lynchburg (city) County |
| Area Code | 434 |
| Elevation | 852 ft |
| Latitude | 37.355154 |
|---|---|
| Longitude | -79.21854 |
| Timezone | New York (DST) |
| FIPS | 51680 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.1 yrs ↑ 14% since 2019 |
|---|---|
| Avg Household Size | 2.46 |
| Below Poverty | 13.0% ▲ 30% above avg |
| College Grads | 48.7% ▲ 26% above avg |
| Unemployment | 3.3% ▼ 32% below avg |
| No HS Diploma | 556 (2.3%) |
| HS Graduate | 5,440 (22.3%) |
| Some College | 2,438 (10%) |
| Associates | 4,078 (16.7%) |
| Bachelors | 2,314 (9.5%) |
| Graduate Degree | 9,563 (39.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,027 ▼ 13% below avg ↑ 32% since 2019 |
|---|---|
| Median Home Value | $214,300 ▼ 23% below avg ↑ 29% since 2019 |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $1,166/mo ↑ 24% since 2019 |
| Total Units | 18,576 |
| Vacant Units | 2,224 |
| Avg HH Size | 2.46 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 18,576 |
|---|---|
| Vacant | 2,224 |
| Owner Occupied | 53.7% |
| Renter Occupied | 46.3% |
| Avg HH Size | 2.46 |
ZIP code 24502 is located in Lynchburg, Virginia, within Lynchburg (city) County. With a population of 41,314, this is a highly populated ZIP code with a relatively young community — the median age is 32.1 years. Economically, 24502 is a solidly middle-class ZIP code: the median household income of $66,027 is near the national average.
Real estate in ZIP code 24502 represents an affordable housing market. The median home value of $214,300 is below the national average. Renters can expect to pay around $1,166 per month in median rent. The area has a relatively balanced mix of owners (53.7%) and renters (46.3%). Median home values have increased by 29% since 2019.
The population of 24502 is majority White (68.28%). Residents are well-educated — 48.7% hold a bachelor's degree or higher, which is above the national average. Poverty affects some residents at 13.0%. Household income has grown by 32% since 2019.
The unemployment rate in 24502 stands at 3.3%, which is below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 24502 in Lynchburg, VA is characterized as solidly middle-class, well-educated, and a relatively young community. With 41,314 residents, a median household income of $66,027, and a median home value of $214,300, it offers a clear picture of life in this part of Virginia.