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, 2025, Maps updated: May 1, 2024.
POPULATION | |
---|---|
Total Population | 19,682 (100%) |
Population in Households | 19,022 (96.6%) |
Population in Families | 15,685 (79.7%) |
Population in Group Quarters1 | 660 ( 3.4%) |
Population Density | 530 |
Diversity Index2 | 40 |
INCOME | |
Median Household Income | $82,449 |
Average Household Income | $112,368 |
% of Income for Mortgage4 | 28% |
Per Capita Income | $45,922 |
Wealth Index5 | 117 |
Socioeconomic Status Index6 | Moderate (59.3) |
HOUSING | |
---|---|
Total HU (Housing Units) | 8,777 (100%) |
Owner Occupied HU | 5,840 (66.5%) |
Renter Occupied HU | 2,189 (24.9%) |
Vacant Housing Units | 748 ( 8.5%) |
Median Home Value | $362,353 |
Average Home Value | $439,795 |
Housing Affordability Index3 | 90 |
HOUSEHOLDS | |
Total Households | 8,029 |
Average Household Size | 2.37 |
Family Households | 5,233 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2024 | 2024-2029 |
---|---|---|
Population | 0.09% | 0.08% |
Households | 0.14% | 0.26% |
Families | 0.07% | |
Median Household Income | 2.37% | |
Per Capita Income | 3.09% | |
Owner Occupied HU | 0.92% |
The table below compares 24503 to the other 871 ZIP Codes in Virginia by rank and percentile using July 1, 2024 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 | # 159 | 82nd |
Population Density | # 212 | 76th |
Median Household Income | # 285 | 67th |
Housing Affordability Index | # 415 | 48th |
Per Capita Income | # 256 | 71st |
Diversity Index | # 502 | 42nd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.