ZIP 24501
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 24501 is 1.1% below its high of $1,312 in July 2026, at $1,298 as of September 2026.
Rent in ZIP 24501 changed +0.7% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.
Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($42,222) is $1,056 a month. That is less than HUD's Fair Market Rent for a studio ($1,080).
2nd cheapest of 4 ZIP codes in Lynchburg.
ZIP 24504, 5 miles away, rents for 11% less ($1,151/mo), about $1,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 24501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 24501 in Lynchburg, VA has changed in 5 years
The median rent in ZIP 24501 in Lynchburg, VA stood at $1,142 in 2023 and currently runs about $1,298, reflecting a 13.7% increase over the period. Household income in the area moved from $42,951 to $42,222 across the same window, down 1.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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. Reading these numbers side by side helps frame whether current listings in ZIP 24501 in Lynchburg, VA look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 24501
Last updated: October 17, 2026
ZIP code 24501 covers Lynchburg, VA. The median rent here is $1,298/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,250/mo.
At 37% of local median household income ($42,222/yr), ZIP 24501 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.
Frequently asked questions
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How does ZIP 24501 compare to other ZIPs in Virginia?
How does ZIP 24501 compare to the rest of Lynchburg?
At $1,298/mo, rent takes ~37% of ZIP 24501's median household income ($42,222/yr). The standard benchmark is 30%.
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