24502 — Lynchburg, VA Home Values
Typical home value $281,510 as of June 2026 · 17th of 29 in Lynchburg, VA
Blue: typical home value (Zillow ZHVI) in ZIP code 24502, June 2021 to June 2026. This page shows observed data only; no forecast.
How 24502 compares in the Lynchburg, VA area
ZIP code 24502 (Lynchburg, VA) has a typical home value of $281,510 as of June 2026, ranking 17th of 29 ZIP codes tracked in the Lynchburg, VA area, more expensive than about 45% of ZIP codes in the metro. Prices here have moved +0.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +32.0%, from $213,243 in June 2021 to $281,510 in June 2026. Against observed rent, the typical home here sells for 15.3× the annual rent ($1,529/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lynchburg, VA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lynchburg.
Population and demographics
ZIP code 24502 has a population of 41,314, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 72% White, 16.4% Black or African American, 5.5% Hispanic or Latino, 3% two or more races, 2.2% Asian, 0.5% another race, 0.3% Native Hawaiian or Pacific Islander, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Heritage Elementary | 501 Leesville Rd, Lynchburg, VA | 0.7 mi |
| Heritage High | 3101 Wards Ferry Rd, Lynchburg, VA | 0.9 mi |
| Central Virginia Governor's School | 3151 Wards Ferry Rd, Lynchburg, VA | 0.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 24502?
$281,510 as of June 2026, the latest month Zillow has published observed data for.
Is 24502 an expensive ZIP code in the Lynchburg, VA area?
24502 ranks 17th of 29 ZIP codes in the Lynchburg, VA area by typical home value, more expensive than about 45% of ZIP codes in the metro.
How much have home values in 24502 changed over the past year?
+0.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 24502?
The typical home price is 15.3× the observed annual rent in this ZIP code ($1,529/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 24502?
41,314, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 24502?
Heritage Elementary (0.7 mi), Heritage High (0.9 mi), Central Virginia Governor's School (0.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 24502?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lynchburg, VA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.