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Lynchburg city, VA

RANK #565 / 996  ·  POP 79,166  ·  VA

PROJECTED GROWTH: +0.5%

Lynchburg city shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Lynchburg city?

Lynchburg, Virginia, known as the "City of Seven Hills," is situated in the foothills of the Blue Ridge Mountains along the James River. This location offers scenic views and outdoor recreation opportunities, including hiking and biking on trails like the Blackwater Creek Trail and access to the James River for kayaking and fishing. The city is approximately an hour from Roanoke and 1.5 hours from Charlottesville, with commute times across the city averaging around 17.5 minutes. Its downtown area is walkable, featuring historic districts and a revitalized riverfront.

Life in Lynchburg is characterized by a blend of historic charm and modern conveniences, appealing to families, young professionals, and retirees. The Lynchburg City Public Schools system serves nearly 8,000 students and offers diverse programs. The local economy is driven by sectors such as nuclear technology, advanced energy, and manufacturing, with ongoing investments in these areas. The city also benefits from a lower cost of living compared to many other Virginia cities.

[02] Market Snapshot

Housing Ratio
5.5x

Above national median (4.7x)

GDP Growth

No data

Home Prices
-0.4%

Prices declining

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 5.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lynchburg city U.S. National

The Numbers

DEMOGRAPHICS
Population
79,166
+0.24% YoY
Median Household Income
$56,243
Median Home Value
$196,000
-0.37% 12mo
Median Rent
$972
Average Annual Pay
$58,705
+4.6% YoY
Employment
47,689
-1.7% YoY
Income-to-Home-Value
0.287
More affordable than average
Migration Inflow
8.77%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
472
Single-Family Permits
232

[05] Capital Investment

$200M
TOTAL
PROJECT AMOUNT STATUS
James Energy Center & Quarry Energy Center (Battery Energy Storage Systems)
East Point Energy
$100M Under Construction
Lithium-ion Battery Manufacturing Plant
Applied Materials Inc.
$100M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

Population Growth +0.2% 40 percentile
Income Growth +4.1% 2 percentile
Vacancy Rate 3.5% 1 percentile
Home Price Change -0.4% 27 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 13x 59 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lynchburg city, VA a good place to move to?

Lynchburg city has a Boom Town Index score of 43/100, ranking #565 among 996 U.S. counties. With job growth at -1.7% and a median household income of $56,243, it faces some economic headwinds compared to faster-growing counties.

Is Lynchburg city affordable?

The median home value in Lynchburg city is $196,000 with median rent at $972/month. The income-to-home-value ratio is 0.287, which is more affordable than the national average.

Is Lynchburg city growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: -1.7%. Home values changed -0.4% in the past 12 months.

Are people moving to Lynchburg city?

Yes — 8.77% of Lynchburg city's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Bronx County, NY 53 Carter County, TN 53 Portsmouth city, VA 53 Madison County, ID 53 Missoula County, MT 53 Bibb County, GA 53 Pulaski County, KY 53 Howard County, MD 53