Lynchburg City, Virginia home prices
Typical home $243,511 · +0.2% in a year · property tax 0.79%
The typical home in Lynchburg City is worth $243,511, 41% less than the Virginia typical home ($412,252). Values changed +0.2% in the past year and +28.5% over five years. Homeowners here pay a median 0.79% of their home's value in property tax each year ($1,912 on the typical home), versus 0.71% statewide.
Mortgage on the typical Lynchburg City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,702 | $194,809 | $1,310 | $0 | $281 | $1,592 | $68,200 |
| 10% down | $24,351 | $219,160 | $1,474 | $91 | $281 | $1,847 | $79,100 |
| 5% down | $12,176 | $231,335 | $1,556 | $96 | $281 | $1,934 | $82,900 |
| 3.5% down (FHA) | $8,523 | $239,100 | $1,608 | $108 | $281 | $1,997 | $85,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Lynchburg metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Richmond County | $244,453 | +3.2% | 0.56% |
| Prince Edward County | $244,569 | +7.3% | 0.43% |
| Craig County | $241,906 | +7.3% | 0.56% |
| Accomack County | $245,873 | +1.3% | 0.48% |
| Buckingham County | $247,828 | +2.8% | 0.52% |
| Franklin City | $235,735 | +2.4% | 0.71% |
| Washington County | $258,078 | +2.5% | 0.5% |
| Pulaski County | $226,254 | +4.9% | 0.63% |
| Amherst County | $262,078 | +1.9% | 0.46% |
| Radford City | $265,800 | +3.5% | 0.72% |
Frequently asked questions
What is the average home price in Lynchburg City, VA?
The typical home value in Lynchburg City is $243,511 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lynchburg City?
About $68,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lynchburg City?
The median effective rate is 0.79% of home value a year (Census ACS 2024 5-year estimates).