24501 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Lynchburg City County
Centroid: Latitude 37.399, Longitude -79.175
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 24501 has segments in 2 Counties / Independent Cities (Campbell, Lynchburg City).

Businesses Addresses: 1,132
PO Box Addresses: 0
Residential Addresses: 12,226

Multi-Family Addresses: 993
Single Family Addresses: 11,233

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2022, Maps updated: August 12, 2022.

Lynchburg, VA 24501 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	26,608 (100%)
Population in Households	24,132 (90.7%)
Population in Families	17,620 (66.2%)
Population in Group Quarters¹	2,476 ( 9.3%)
Population Density	696
Diversity Index²	62


INCOME
Median Household Income	$45,277
Average Household Income	$64,081
% of Income for Mortgage⁴	20%
Per Capita Income	$26,123
Wealth Index⁵	44

HOUSING
Total HU (Housing Units)	12,134 (100%)
Owner Occupied HU	5,258 (43.3%)
Renter Occupied HU	5,650 (46.6%)
Vacant Housing Units	1,226 (10.1%)
Median Home Value	$171,146
Average Home Value	$212,253
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	10,908
Average Household Size	2.21
Family Households	6,216
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Lynchburg, VA 24501 - Peer Comparisons by Rank and Percentile

The table below compares 24501 to the other 868 ZIP Codes in Virginia by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.67%	-0.16%
Households	-0.63%	-0.11%
Families		-0.19%
Median Household Income		2.19%
Per Capita Income		3.21%
Owner Occupied HU		0.10%

Variable Description	Rank	Percentile
Total Population	# 129	85th
Population Density	# 182	79th
Median Household Income	# 728	16th
Housing Affordability Index	# 394	45th
Per Capita Income	# 729	16th
Diversity Index	# 170	80th

24501 ZIP Code Profile, Map, Data & Demographics

ZIP Code 24501: Basic Data & USPS Preferred City Name

Lynchburg, VA 24501 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lynchburg, VA 24501 - Peer Comparisons by Rank and Percentile

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