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ZIP Code · VA

ZIP 24504

Pop. 9,632·Lynchburg City·195th most expensive ZIP in Virginia
Median rent (all units)
$1,183/mo
Year-over-Year
+5.6%
Month-over-Month
Stable
vs US Median
-$782
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 24504 · $1,183
More affordable than 93% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,090
1 BR
$1,100
2 BR
$1,260
3 BR
$1,740
4 BR+
$1,860
Research median
$1,260/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
$14,196/yr
At $1,183/mo median
Location
StateVA
CountyLynchburg City
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.6% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 24504 (Lynchburg, VA) is roughly split between renters and owners, has a median income below the national average, 24.4% of residents hold a bachelor's degree or higher.

Population
9,632
Median income
$52,571
Median age
40.8
Renters
46.4%
Age distribution
21.4%
22.2%
23.7%
14.2%
18.5%
Under 1821.4%
18–3422.2%
35–5423.7%
55–6414.2%
65+18.5%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
48.6%
42.6%
White48.6%
Black42.6%
Hispanic3.9%
Other4.7%
Education (25+)
29.5%
34.7%
24.4%
No HS diploma11.4%
HS diploma29.5%
Some college34.7%
Bachelor's+24.4%
Housing tenure
53.6%
46.4%
Owner53.6%
Renter46.4%

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

2021 vs 2026

How ZIP 24504 in Lynchburg, VA has changed in 5 years

Income
$44,486 → $52,571
up 18.2%
Population
9,814 → 9,632
down 1.9%
Renter share
44.4% → 46.4%
+2.0 pts
Bachelor's+
22.3% → 24.4%
+2.1 pts
Median age
37.6 → 40.8
+3.2 yrs

Local incomes tracked alongside that move, going from a median of $44,486 in 2021 to $52,571 more recently. Census counts show ZIP 24504 in Lynchburg, VA losing about 182 residents over the five-year window, down 1.9% on net. The renter share has risen from 44.4% to 46.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22.3% to 24.4% across the same window.

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Local insights

Tips for renters in ZIP 24504

About renting in ZIP 24504

Last updated: July 20, 2026

ZIP code 24504 covers Lynchburg, VA. The median rent here is $1,183/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,260/mo.

At 27% of local median household income ($52,571/yr), ZIP 24504 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 24504?

As of July 20, 2026, the median monthly rent in ZIP 24504 (Lynchburg, VA) is $1,183. This is based on aggregated data from public sources and community submissions.

How does ZIP 24504 rent compare to the US average?

ZIP 24504's median rent of $1,183/mo is $782 (40%) below the US national median of $1,965/mo.

How does ZIP 24504 compare to other ZIPs in Virginia?

ZIP 24504 is among the more affordable ZIP codes in Virginia, ranking #195 out of 198 ZIPs at $1,183/mo.

How much income do you need to rent in ZIP 24504?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,183/mo in ZIP 24504. The local median household income is $52,571/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 24504?

Rent in ZIP 24504 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 24504 an affordable place to rent?

ZIP 24504 is considered affordable for renters. At $1,183/mo, rent takes approximately 27% of the local median household income ($52,571/yr). The standard benchmark is 30%. ZIP 24504 falls comfortably within that range.

What percentage of ZIP 24504 residents rent vs. own?

According to Census data, approximately 46.4% of ZIP 24504 households are renters, while 53.6% are owner-occupied. ZIP 24504 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 24504 compare to the rest of Lynchburg?

ZIP 24504 is more affordable than Lynchburg overall. At $1,183/mo, it's $142 below the Lynchburg citywide median of $1,325/mo.

When was rent data for ZIP 24504 last updated?

Rent data for ZIP 24504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,183/mo, rent takes ~27% of ZIP 24504's median household income ($52,571/yr). The standard benchmark is 30%.

ZIP 24504 27%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 24504 (Lynchburg, VA)

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