Lynchburg, VA · standard
ZIP Code 24503
Lynchburg County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 19,331
- 179/sq mi
- $89,137
- Median income
- $347,500
- Median home value
- 60.2%
- Bachelor's or higher
The verdict
Lynchburg pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 28%
- household income, US ZIPs
- Top 27%
- home value, US ZIPs
- 179
- people per sq mi
- 75%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24503 against every reporting US ZIP.
ZIP code 24503 is classified by USPS as a standard delivery area and covers roughly 108.2 square miles in Lynchburg, Lynchburg County, Virginia. The area is home to 19,331 residents, producing a population density of 179 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 24503 against Virginia and the nation.
On the economic side, the median household income for ZIP 24503 sits at $89,137 (4% above the Virginia average), while per-capita income is $51,954. The poverty rate stands at 7.8% and the unemployment rate at 2.7%. On housing, the median home value is $347,500 (4% above the state average) with median rent at $1,053 per month, and 75.0% of occupied units are owner-occupied, a direct signal of whether 24503 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 60.2% of adults hold a bachelor's degree or higher, the median age is 39.3, and the average commute is 18 minutes. We also surface 6 nearby ZIP codes within roughly 10 miles and 3 additional ZIPs sharing Lynchburg County, so you can benchmark 24503 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 24503
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 24503.
- Other services (except public administration)
Other services (except public administration)
48 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
42 establishments
- Retail trade
Retail trade
39 establishments
- Construction
Construction
37 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
32 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 24503, Lynchburg, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
19,331
Population
108.2
Area (sq mi)
179
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24503?
39.3
Median Age
46.7%
Male
53.3%
Female
3.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$89,137
Median Household Income
+4% vs state
$51,954
Per Capita Income
7.8%
Poverty Rate
2.7%
Unemployment Rate
17.9 min
Mean Commute Time
How ZIP 24503 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$89,137 Top 28% higher than 72% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
8,666
Total Housing Units
7,911
Occupied Units
755
Vacant Units
2.49
Avg Household Size
Occupancy Type
$347,500
Median Home Value
+4% vs state
$1,053
Median Rent
1972
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+6.3%
YoY Change (2024)
228
HPI Index (2000 = 100)
+128%
Total Change Since 2000
Home values in ZIP 24503 have increased 6.3% over the past year (2024). Since 2000, this ZIP has seen +128% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.8% | 158 |
| 2021 | +7.3% | 170 |
| 2022 | +15.3% | 196 |
| 2023 | +9.6% | 214 |
| 2024 | +6.3% | 228 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 354 business establishments in ZIP 24503, employing approximately 3,736 people with a combined annual payroll of $168,364,000.
354
Businesses
3,736
Employees
$168.4M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 48 | 13.6% |
| Professional, scientific, and technical services | 42 | 11.9% |
| Retail trade | 39 | 11.0% |
| Construction | 37 | 10.4% |
| Administrative and support and waste management and remediation services | 32 | 9.0% |
| Real estate and rental and leasing | 31 | 8.8% |
| Accommodation and food services | 31 | 8.8% |
| Health care and social assistance | 29 | 8.2% |
| Finance and insurance | 19 | 5.4% |
| Wholesale trade | 12 | 3.4% |
| Arts, entertainment, and recreation | 10 | 2.8% |
| Educational services | 7 | 2.0% |
| Manufacturing | 6 | 1.7% |
| Information | 3 | 0.8% |
| Management of companies and enterprises | 3 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 24503 vs 24536 →
ZIP 24503 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24502
Lynchburg (24502)
43,426 residents
- 24501
Lynchburg (24501)
26,757 residents
- 24551
Forest (24551)
20,667 residents
- 24503
Lynchburg (24503)
19,331 residents
- 24574 3,977
Monroe (24574)
3,977 residents
- 24556 3,053
Goode (24556)
3,053 residents
- 24536 194
Coleman Falls (24536)
194 residents
What this shows Among its immediate neighbors, ZIP 24503 ranks #4 by population — useful context the national average alone can't give.
ZIP 24503 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24551
Forest (24551)
$91,067 median income
- 24503
Lynchburg (24503)
$89,137 median income
- 24556
Goode (24556)
$87,250 median income
- 24574
Monroe (24574)
$69,133 median income
- 24502
Lynchburg (24502)
$68,872 median income
- 24501
Lynchburg (24501)
$42,222 median income
What this shows By household income, ZIP 24503 ranks #2 of 6 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Lynchburg County
Related Areas
Frequently Asked Questions
What county is ZIP code 24503 in? ▼
What is the population of ZIP code 24503? ▼
What is the median household income in ZIP 24503? ▼
What is the average home value in ZIP 24503? ▼
What is the demographic makeup of ZIP 24503? ▼
How many businesses are in ZIP code 24503? ▼
What are the main industries in ZIP code 24503? ▼
How have home values changed in ZIP code 24503? ▼
What is the education level in ZIP code 24503? ▼
What is the average commute time in ZIP 24503? ▼
What percentage of residents own vs. rent in ZIP 24503? ▼
What is the poverty rate in ZIP code 24503? ▼
ZIP Code Research Guides
Official Data Resources for Lynchburg, VA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.