ZIP Code 24501 Demographics

Lynchburg city, Virginia  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 24501 compared to county averages.

Total Population

26,778

↓ 66.2% vs county

Median HH Income

$44,000

↓ 21.8% vs county

Median Home Value

$140,000

↓ 28.6% vs county

Median Age

29.6 yrs

↓ +4.2% vs county

Unemployment Rate

6.6%

↓ +22.9% vs county

Income & Housing Comparison

How ZIP 24501 compares to Lynchburg city and Virginia overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 24501 $44k Lynchburg city $56k Virginia $87k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 24501 $140k Lynchburg city $196k Virginia $340k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

15.3%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

44.7%

of occupied housing units are owner-occupied

Median Gross Rent

$864

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 24501 using local Census metrics.

Median Home Value$140,000
Down Payment (20%)$28,000
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$889P&I: $708 | Tax: $140 | Ins: $41
Rent (Local Median)
$864
Renting is CheaperRenting is estimated to save you $25/month compared to buying costs.

How Does 24501 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 24501 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 24501, sorted by distance.

24502 3.6 mi away lynchburg city 24503 8.6 mi away lynchburg city 24551 9.2 mi away bedford county 24556 13.4 mi away bedford county 24536 13.4 mi away bedford county 24570 14.9 mi away bedford county 24574 16.5 mi away amherst county 24526 18.8 mi away bedford county

About Lynchburg city

Lynchburg city is located in Virginia and has a total population of 79,166. The county's median household income is $56,243 and median home value is $196,000. ZIP code 24501 is one of many ZCTAs within this county.

View all ZIP codes in Lynchburg city

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.