24501 ZIP Code Demographics & Rankings

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: 1,138
PO Box Addresses: 0
Residential Addresses: 12,112

Multi-Family Addresses: 995
Single Family Addresses: 11,117

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Lynchburg, VA 24501 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Lynchburg, VA 24501 Housing Affordability Index is 158 State of Virginia Housing Affordability Index is 126
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.

WEALTH INDEX
Lynchburg, VA 24501 Wealth Index is 39 State of Virginia Wealth Index is 124
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	29,090 (100%)
Population in Households	26,463 (91.0%)
Population in Families	19,228 (66.1%)
Population in Group Quarters¹	2,627 ( 9.0%)
Population Density	723
Diversity Index²	58

INCOME
Median Household Income	$36,689
Average Household Income	$47,569
Per Capita Income	$19,074
Wealth Index⁴	39

HOUSING
Total Housing Units	12,658 (100%)
Owner Occupied HU	5,231 (41.3%)
Renter Occupied HU	6,144 (48.5%)
Vacant Housing Units	1,283 (10.1%)
Median Home Value	$121,676
Housing Affordability Index³	158

HOUSEHOLDS
Total Households	11,375
Average Household Size	2.33
Family Households	6,472
Average Family Size	3

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 race 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 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 880 ZIP Codes in Virginia by rank and percentile using July 1, 2019 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	2010-2019	2019-2024
Population	0.5%	0.34%
Households	0.35%	0.27%
Families	0.24%	0.22%
Median Household Income		1.38%
Per Capita Income		2.4%

Variable Description	Rank	Percentile
Total Population	# 101	89th
Population Density	# 180	80th
Diversity Index	# 165	81st
Median Household Income	# 784	11th
Per Capita Income	# 798	9th

Lynchburg, VA 24501 ZIP Code Profile

ZIP Code 24501: Basic Data & USPS Preferred City Name

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Lynchburg, VA 24501 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lynchburg, VA 24501 - Peer Comparisons by Rank and Percentile

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