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ZIP Code · VA

ZIP 24501

Pop. 25,006·Lynchburg City·193rd most expensive ZIP in Virginia
Median rent (all units)
$1,254/mo
Year-over-Year
+1.9%
Month-over-Month
Stable
vs US Median
-$711
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 24501 · $1,254
More affordable than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,080
1 BR
$1,090
2 BR
$1,250
3 BR
$1,720
4 BR+
$1,840
Research median
$1,250/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,048/yr
At $1,254/mo median
Location
StateVA
CountyLynchburg City
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.9% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 24501 (Lynchburg, VA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 26.2% of residents hold a bachelor's degree or higher.

Population
25,006
Median income
$42,222
Median age
30.4
Renters
53%
Age distribution
20.8%
36.3%
18.6%
15.6%
Under 1820.8%
18–3436.3%
35–5418.6%
55–648.6%
65+15.6%
Gender
45%
55%
Male45%
Female55%
Race & ethnicity
55.3%
37%
White55.3%
Black37%
Hispanic3%
Asian1.4%
Other3.2%
Education (25+)
34.8%
27.2%
26.2%
No HS diploma11.9%
HS diploma34.8%
Some college27.2%
Bachelor's+26.2%
Housing tenure
47%
53%
Owner47%
Renter53%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 24501 in Lynchburg, VA has changed in 5 years

Income
$42,951 → $42,222
down 1.7%
Population
27,488 → 25,006
down 9.0%
Renter share
52.8% → 53%
+0.2 pts
Bachelor's+
23.2% → 26.2%
+3.0 pts
Median age
29.2 → 30.4
+1.2 yrs

Household income in the area moved from $42,951 to $42,222 across the same window, down 1.7% versus 2021. The population has contracted by 9.0% since 2021, moving from about 27,488 residents to roughly 25,006. College-educated residents now make up 26.2% of adults here, versus 23.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 24501

About renting in ZIP 24501

Last updated: July 20, 2026

ZIP code 24501 covers Lynchburg, VA. The median rent here is $1,254/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,250/mo.

At 36% of local median household income ($42,222/yr), ZIP 24501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 24501?

As of July 20, 2026, the median monthly rent in ZIP 24501 (Lynchburg, VA) is $1,254. This is based on aggregated data from public sources and community submissions.

How does ZIP 24501 rent compare to the US average?

ZIP 24501's median rent of $1,254/mo is $711 (36%) below the US national median of $1,965/mo.

How does ZIP 24501 compare to other ZIPs in Virginia?

ZIP 24501 is among the more affordable ZIP codes in Virginia, ranking #193 out of 198 ZIPs at $1,254/mo.

How much income do you need to rent in ZIP 24501?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,254/mo in ZIP 24501. The local median household income is $42,222/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 24501?

Rent in ZIP 24501 has increased 1.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 24501 an affordable place to rent?

ZIP 24501 is considered moderate for renters. At $1,254/mo, rent takes approximately 36% of the local median household income ($42,222/yr). The standard benchmark is 30%. ZIP 24501 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 24501 residents rent vs. own?

According to Census data, approximately 53% of ZIP 24501 households are renters, while 47% are owner-occupied. With a majority renter population, ZIP 24501 has a strong rental market.

How does ZIP 24501 compare to the rest of Lynchburg?

ZIP 24501 is more affordable than Lynchburg overall. At $1,254/mo, it's $71 below the Lynchburg citywide median of $1,325/mo.

When was rent data for ZIP 24501 last updated?

Rent data for ZIP 24501 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,254/mo, rent takes ~36% of ZIP 24501's median household income ($42,222/yr). The standard benchmark is 30%.

ZIP 24501 36%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24501 (Lynchburg, VA)

Recent submissions

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