| ZIP Code | 24503 |
|---|---|
| City | Lynchburg |
| State | Virginia (VA) |
| County | Lynchburg (city) County |
| Area Code | 434 |
| Elevation | 752 ft |
| Latitude | 37.454259 |
|---|---|
| Longitude | -79.241531 |
| Timezone | New York (DST) |
| FIPS | 51680 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.1 yrs |
|---|---|
| Avg Household Size | 2.44 |
| Below Poverty | 7.4% ▼ 26% below avg |
| College Grads | 65.6% ▲ 69% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 98 (0.8%) |
| HS Graduate | 1,712 (13.9%) |
| Some College | 787 (6.4%) |
| Associates | 1,639 (13.3%) |
| Bachelors | 869 (7.1%) |
| Graduate Degree | 7,220 (58.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,025 ▲ 21% above avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $320,500 ▲ 15% above avg ↑ 37% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $972/mo ↑ 14% since 2019 |
| Total Units | 8,755 |
| Vacant Units | 842 |
| Avg HH Size | 2.44 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,755 |
|---|---|
| Vacant | 842 |
| Owner Occupied | 74.9% |
| Renter Occupied | 25.1% |
| Avg HH Size | 2.44 |
ZIP code 24503 is located in Lynchburg, Virginia, within Lynchburg (city) County. With a population of 19,978, this is a moderately populated ZIP code with a middle-aged community — the median age is 43.1 years. Economically, 24503 is a middle-income ZIP code: the median household income of $92,025 is above the national average.
Real estate in ZIP code 24503 represents a mid-range housing market. The median home value of $320,500 is near the national average. Renters can expect to pay around $972 per month in median rent. Homeownership is strong here — 74.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 37% since 2019.
The population of 24503 is primarily White (79.07%). Residents are highly educated — 65.6% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 7.4%. Household income has grown by 22% since 2019.
The unemployment rate in 24503 stands at 3.2%, which is below the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 24503 in Lynchburg, VA is characterized as middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 19,978 residents, a median household income of $92,025, and a median home value of $320,500, it offers a clear picture of life in this part of Virginia.