ZIP Code 24503 Demographics

Lynchburg city, Virginia  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 24503 compared to county averages.

Total Population

20,017

↓ 74.7% vs county

Median HH Income

$90,363

↑ +60.7% vs county

Median Home Value

$293,500

↑ +49.7% vs county

Median Age

42.3 yrs

↓ +48.9% vs county

Unemployment Rate

3.4%

↑ 36.5% vs county

Income & Housing Comparison

How ZIP 24503 compares to Lynchburg city and Virginia overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 24503 $90k Lynchburg city $56k Virginia $87k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 24503 $294k Lynchburg city $196k Virginia $340k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

31.0%

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

Owner Occupancy

76.2%

of occupied housing units are owner-occupied

Median Gross Rent

$913

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 24503 using local Census metrics.

Median Home Value$293,500
Down Payment (20%)$58,700
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,864P&I: $1484 | Tax: $294 | Ins: $86
Rent (Local Median)
$913
Renting is CheaperRenting is estimated to save you $951/month compared to buying costs.

How Does 24503 Compare?

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

Location & Neighboring Areas

Interactive map showing ZIP code 24503 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 24503, sorted by distance.

24536 5.0 mi away bedford county 24502 6.8 mi away lynchburg city 24551 7.8 mi away bedford county 24574 8.6 mi away amherst county 24501 8.6 mi away lynchburg city 24556 9.4 mi away bedford county 24526 10.4 mi away bedford county 24570 12.1 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 24503 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.