Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 79,255 ↑ 0.3% since 2020 |
| Median Household Income | $59,808 20% below national median |
| Median Home Value | $211,800 |
| Unemployment Rate | 5.0% |
| Median Age | 28.4 years |
| Housing Vacancy Rate | 15.6% |
| Total Land Sales (Past 12 Months) | 192 transactions |
| Active Listings | 52 properties |
| Avg Days on Market | 540 days |
Rural Land Sales (1+ Acres) (Oct 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $33,654 |
| Recent Sales | 61 transactions |
| Avg Days on Market | 544 days |
| Avg Parcel Size | 12.50 acres |
| Active Listings | 18 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 1.42 | $107,500 | $75,918 | Forest |
| Mar 2026New | 1.35 | $107,500 | $79,512 | Forest |
| Feb 2026 | 1.46 | $61,000 | $41,924 | Lynchburg |
| Feb 2026 | 1.21 | $92,500 | $76,194 | Forest |
| Feb 2026 | 1.27 | $97,500 | $76,832 | Forest |
| Feb 2026 | 1.00 | $17,000 | $17,000 | Lynchburg |
| Feb 2026 | 24.10 | $118,100 | $4,901 | Gladys |
| Feb 2026 | 1.94 | $38,000 | $19,628 | Lynchburg |
| Nov 2025 | 1.16 | $90,000 | $77,586 | Lynchburg |
| Oct 2025 | 1.00 | $152,500 | $152,500 | Lynchburg |
Suburban/Urban Land Sales (Under 1 Acre) (Nov 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $22,500 |
| Recent Sales | 131 transactions |
| Avg Days on Market | 539 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 34 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026New | 0.40 | $35,000 | Lynchburg |
| Jan 2026 | 0.12 | $11,500 | Lynchburg |
| Jan 2026 | 0.23 | $86,300 | Lynchburg |
| Dec 2025 | 0.66 | $15,000 | Lynchburg |
| Dec 2025 | 0.20 | $79,000 | Lynchburg |
| Dec 2025 | 0.20 | $7,000 | Lynchburg |
| Dec 2025 | 0.12 | $10,750 | Lynchburg |
| Dec 2025 | 0.06 | $7,500 | Lynchburg |
| Nov 2025 | 0.17 | $600,000 | Lynchburg |
| Nov 2025 | 0.79 | $85,000 | Forest |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 79,255 |
| Population (2020) | 79,009 |
| Population Growth | 0.31% |
| Median Household Income | $59,808 |
| Median Home Value | $211,800 |
| Total Housing Units | 34,009 |
| Vacant Housing Units | 5,322 |
| Housing Vacancy Rate | 15.6% |
| Median Age | 28.4 |
| Bachelor's Degree or Higher | 10,511 (13.3%) |
| Unemployment Rate | 5.0% |
Market Overview
Lynchburg city, Virginia has a population of 79,255, which has grown 0.31% since 2020. The median household income is $59,808, below the national median of $74,580 by 19.8%. The housing vacancy rate of 15.6% suggests soft market conditions. The county's location in Virginia makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $33,654 per acre, with properties averaging 12.50 acres. There are currently 52 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lynchburg city, Virginia?
As of the 2023 American Community Survey, Lynchburg city has a population of 79,255. The county has grown 0.31% since the 2020 Census, indicating a growing community.
What is the median household income in Lynchburg city?
The median household income in Lynchburg city is $59,808, which is 19.8% below the national median of $74,580.
Is Lynchburg city growing or shrinking?
Lynchburg city is growing. The population has increased 0.31% since 2020.
What is the housing market like in Lynchburg city?
The median home value in Lynchburg city is $211,800. The housing vacancy rate is 15.6%, which suggests soft market conditions. The unemployment rate is 5.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $33,654 per acre. Suburban/urban lots under 1 acre have a median lot price of $22,500.
Does Reelvest buy land in Lynchburg city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Lynchburg city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.