Your Lynchburg, VA Real Estate Questions Answered

Nestled in the Blue Ridge Mountains, Lynchburg, Virginia, has a rich history. Nicknamed the City of Seven Hills, natural beauty is one of its attractions. Lynchburg is a vibrant small mountain city framed by the James River, with blue peaks in the background and historic brick architecture in the foreground.

Lynchburg is a city of 50 square miles located near the state’s geographic center. It has ranked as a top college town, as it is home to five colleges and universities, including Liberty University. Residents enjoy award-winning dining, an eclectic arts scene, and multiple choices for recreation in each season.

If you’re thinking of making Lynchburg your home, you probably have questions about the local real estate market. Here are some answers to common Lynchburg real estate questions.

What is the average price of a home in Lynchburg, VA?

Lynchburg’s average home price was $249,900 in September 2022, making it more affordable than the national median.

The Lynchburg real estate market has been trending upwards, with a 16.2% increase in median listing prices from August 2021 to August 2022.

The most affordable September 2022 listing was $5,900 for a vacant lot. The most expensive was $1.2 million for a restored historic home on 1.25 acres with 9,737 sq ft.

Are there any condos or townhomes available in Lynchburg, VA?

Lynchburg has many affordable condos and townhome complexes, with 107 on the market in September 2022. Prices ranged from $99,000 to $439,900. The options included student housing and active adult communities.

Some communities to look for condominium or townhouse options include, but are not limited to:

• Blue Ridge Farms
• Grandview Village
• Cornerstone
• Windsor Hills
• Seven Oaks
• Wyndhurst
• English Commons

What is the property tax rate for Lynchburg, VA?

Virginia real estate is taxed at 100% of its assessed value. Home value is based on the appraised value as of January 1 in a given year. Homeowners pay taxes twice a year, typically on June 5 and December 5.

Lynchburg had a real estate tax rate in 2022-23 of $1.11 per $100 of the total assessed value.

For those on the Campbell County side of the city limits, the 2022-2023 rate was $0.52 per $100 of assessed value. Bedford County charged $.50 per $100 in 2022.

Amherst County‘s property tax rate was $0.61 per $100 in 2018. Its taxes are due July 1 and December 5.

What is the cost of living in Lynchburg, VA?

Lynchburg’s cost of living is 17% lower than the US average, making it an affordable place to live. Compared to Virginia, it’s 21% lower.

Housing was particularly affordable when compared to the national and state medians. Buying a home in the town was 36% cheaper than in the US and 48% cheaper than in Virginia. Transportation costs were also particularly low. Only health care averages were above the national average expenditure.

What county is Lynchburg, VA in?

Lynchburg is an independent city located in Virginia’s foothills of the Blue Ridge Mountains. The Lynchburg metropolitan area is adjacent to Campbell, Amherst, and Bedford Counties.

Campbell County borders Lynchburg on the south. People are attracted to its natural beauty and small-town lifestyle.

Amherst County borders Lynchburg on the east. Part of the rolling Piedmont region, historically, it was a major producer of tobacco and apples. Outdoor recreation is a significant attractor, and 25 miles of the Appalachian Trail run through the county.

Bedford County borders Lynchburg on the north and west. It has a prime location between Lynchburg and Roanoke, making it a fast-growing county. Attractions include Smith Mountain Lake, the Blue Ridge Parkway, and Thomas Jefferson’s Poplar forest.

Is Lynchburg, VA growing?

Lynchburg’s population has been growing steadily for the past few years. The 2020 US Census estimated Lynchburg’s population at 79,009, an additional 4,500 residents from 2010.

Future growth is expected to be slow and steady, as the city limits are highly urbanized. Virginia expects Lynchburg to have 81,268 residents in 2030 and 86,000 by 2040.

More of the growth will be in the surrounding areas in Bedford, Amherst, and Campbell counties.

What neighborhoods are in Lynchburg, VA?

Lynchburg is a city of 43 neighborhoods, each with a distinct character. Building a sense of community is important to the town. The Parks and Recreation Department has six community centers throughout the city. These serve as focal points for gathering people in their respective neighborhoods.

Some of the best neighborhoods in Lynchburg include:

Fort Hill is a historic neighborhood with the last remaining Civil War fort in the city. Residents have easy access to Business Hwy 29. It’s near Lynchburg College and Central Virginia Community College. Shopping is convenient with several shopping centers on Wards Road.

Woodland is a diverse Lynchburg neighborhood with a mix of families, students, and professionals. It borders Randolph College, Blackwater Creek, Riverside Park, and James River. A collection of boutique restaurants and retailers are near Rivermont Ave and Bedford Ave. It had 16 homes for sale ranging from $45,000 to $979,000.

Bedford Hill is a suburban neighborhood with a mix of Victorian and Craftsman-style homes. It’s known for its elementary school. In September 2022, it had nine homes for sale ranging from $134,000 to $519,900.

Downtown Lynchburg is the vibrant city center, with a mix of businesses, restaurants, and bars. Situated on the banks of the James River, residents can walk to breweries, Amazement Square, or the Lynchburg Community Market. Find a mix of townhomes, condos, and single-family. Many properties are historical in nature and have been revitalized.

Wyndhurst’s centralized location makes it convenient to attractions around town. It has single-family homes and townhomes inside its borders. A sidewalk network makes it highly walkable. It had three homes for sale in September 2022, ranging from $259,500 to $379,900.

College Park is a newer neighborhood with convenient access to the Lynchburg University campus. Many lifestyle amenities are nearby, like shopping and restaurants.

Are there any waterfront properties found in Lynchburg, VA?

Thanks to the beautiful James River flowing through downtown, Lynchburg does have some waterfront options. Close to downtown, you can find condos and lofts with waterfront views. Further away, more choices are available with townhomes and custom-built riverfront properties.

The James River isn’t your only waterfront option. The Timberlake community surrounds its namesake lake, adding to the waterfront options. Several watershed creeks and Buffalo Creek flow into the reservoir. Lakeland is a neighborhood around a private lake with lakefront homes.

How is golf in Lynchburg, VA?

Lynchburg is home to several golf courses perfect for players of all skill levels. The city’s mild climate means that you can play all year long.

Boonsboro Country Club is a Lynchburg golf course with 18 holes of championship golf. This private full-service club has an Olympic-sized pool, six tennis courts, and a clubhouse.

Poplar Forest Golf Course is a 9-hole championship course on the historic villa retreat of Thomas Jefferson. It is open to the public. It offers a challenging place to practice your game with views of the Blue Ridge Mountains.

Colonial Hills Golf Club in nearby Forest, VA, is an 18-hole course with 6,318 yards of golfing fun with a par 71 from the longest tees. Players will love the incredible views of the Peaks of Otter and the Blue Ridge Mountains.

Are there golf course communities in Lynchburg, VA?

No, Lynchburg does not have formal golf course communities.

What areas are near Lynchburg, VA?

Lynchburg is about an hour and a half from Charlottesville and two hours from Richmond. Lynchburg is also an hour’s drive to Roanoke, Virginia, which offers additional shopping, dining, and entertainment options.

Surrounding Lynchburg are the small towns of Forest, Timberlake, and Madison Heights. Together they form the Lynchburg metro area.

Lynchburg has several colleges, but the most well-known is Liberty University, one of the largest private evangelical universities in the world. Its campus is on the south side of town near the regional airport.

Lynchburg is nestled in the foothills of the Blue Ridge Mountains, so outdoor recreation opportunities abound. The Appalachian Trail and the James River Trail offer hiking and paddling, respectively. Lynchburg is also home to several parks, including Lynchburg City Park, Percival’s Island Natural Area, and Point of Honor Park.

What to know about living in Lynchburg, VA

Lynchburg is a great place to call home. Its central location places residents within driving distance of many East Coast cities. The mild climate means that you can enjoy the outdoors all year long. And with its abundance of parks and trails, Lynchburg is perfect for those who love the outdoors.

So whether you’re looking for a historic home, a new construction home, or a waterfront property, Lynchburg has something for everyone. If you want to live in Lynchburg, contact a local real estate agent to find the right neighborhood for you.