ZIP Code 24503 — Lynchburg, VA Home Prices (2026)
The typical home in ZIP 24503 (Lynchburg, Virginia) is worth about $376,000 at roughly $171 per square foot — 58% more expensive than the Lynchburg median and 28% more expensive than the typical U.S. home.
How 24503 compares
ZIP 24503 is one of the pricier ZIP codes in Lynchburg: its typical home value of $376,000 ranks #1 of the 4 Lynchburg ZIP codes we track (the citywide range runs from $181,000 in 24504 to $376,000 in 24503). Per square foot it costs about $171, against $166 for Lynchburg as a whole, $221 for Virginia, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 24503 | $376,000 | $171 |
| Lynchburg, VA | $237,500 | $166 |
| Virginia | $342,000 | $221 |
| United States | $294,000 | $195 |
Home value by size in 24503
Using this ZIP’s rate of about $171 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $171,000 |
| 1,500 sq ft | $256,500 |
| 2,000 sq ft | $342,000 |
| 2,500 sq ft | $427,500 |
| 3,000 sq ft | $513,000 |
Salary needed to buy a home in ZIP 24503
To buy the typical $376,000 home in ZIP 24503 with 20% down, you need a household income of roughly $102,000 a year (about $2,390 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $122,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $18,800 | $2,970/mo | $127,000/yr |
| 10% (+PMI) | $37,600 | $2,840/mo | $122,000/yr |
| 20% | $75,200 | $2,390/mo | $102,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 24503
At about $171 per square foot, here is roughly how much home different budgets get you in ZIP 24503:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 1170 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1460 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1750 sq ft | below the local median — condos, smaller or older homes |
| $400k | 2340 sq ft | around the typical home here |
| $500k | 2920 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 24503 home.
Estimate a specific home in 24503
The estimator below is pre-set to ZIP 24503 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Lynchburg ZIP codes by home value
Where 24503 sits among Lynchburg’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 24503 (this page) | $376,000 | $171 |
| 2 | 24502 | $279,000 | $174 |
| 3 | 24501 | $196,000 | $160 |
| 4 | 24504 | $181,000 | $149 |
ZIP 24503 home prices: frequently asked
What is the average home price in ZIP code 24503? +
What is the price per square foot in 24503? +
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See the full Lynchburg home values page, all Virginia cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.