ZIP Code 24503 has segments in 2 Counties / Independent Cities (Bedford, Lynchburg City).
The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2024, Maps updated: February 2, 2024.
POPULATION | |
---|---|
Total Population | 19,906 (100%) |
Population in Households | 19,248 (96.7%) |
Population in Families | 15,525 (78.0%) |
Population in Group Quarters1 | 658 ( 3.3%) |
Population Density | 539 |
Diversity Index2 | 41 |
INCOME | |
Median Household Income | $88,974 |
Average Household Income | $133,493 |
% of Income for Mortgage4 | 24% |
Per Capita Income | $54,625 |
Wealth Index5 | 166 |
Socioeconomic Status Index6 | Moderate (57.4) |
HOUSING | |
---|---|
Total HU (Housing Units) | 8,839 (100%) |
Owner Occupied HU | 5,803 (65.7%) |
Renter Occupied HU | 2,331 (26.4%) |
Vacant Housing Units | 705 ( 8.0%) |
Median Home Value | $347,999 |
Average Home Value | $400,840 |
Housing Affordability Index3 | 105 |
HOUSEHOLDS | |
Total Households | 8,134 |
Average Household Size | 2.37 |
Family Households | 5,169 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.00% | 0.00% |
Households | 0.06% | 0.11% |
Families | -0.06% | |
Median Household Income | 2.93% | |
Per Capita Income | 3.02% | |
Owner Occupied HU | 0.58% |
The table below compares 24503 to the other 870 ZIP Codes in Virginia by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 158 | 82nd |
Population Density | # 202 | 77th |
Median Household Income | # 203 | 77th |
Housing Affordability Index | # 458 | 53rd |
Per Capita Income | # 130 | 85th |
Diversity Index | # 488 | 44th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.