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 High-density area
- $89,137
- Median income Above-median income area
- $347,500
- Median home value Above-median home value
- 60.2%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 24503 (Lynchburg, VA) rose +6.3% from 2023 to 2024. The all-transactions index moved from 214.3 in 2023 to 227.7 in 2024 (2000 = 100).
ZIP code 24503 is a mid-sized community (a standard USPS delivery area) in Lynchburg, Lynchburg County, Virginia, home to 19,331 residents across 108.2 square miles, a density of 179 people per square mile, in the New York time zone.
ZIP 24503 lands in the middle-income range, with a median household income of $89,137 (4% above the average Virginia ZIP), while per-capita income is $51,954. Both reported hardship measures are comparatively low in absolute terms: poverty is 7.8% and unemployment is 2.7%. Median home value is $347,500 (4% above the average Virginia ZIP) and median rent is $1,053; 75.0% of occupied homes are owner-occupied.
This is a highly-educated ZIP: 60.2% of adults hold a bachelor's degree or higher, the median age is 39.3, and the average commute is 18 minutes. The page also surfaces 6 ZIP codes within roughly 10 miles and 3 more in Lynchburg County, so 24503 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 24503
Top 5 sectors by establishment count in Lynchburg, VA
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$51,954
Per Capita Income
7.8%
Poverty Rate
2.7%
Unemployment Rate
17.9 min
Mean Commute Time
How ZIP 24503 ranks among Virginia ZIPs
Lynchburg, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$89,137 Top 35% higher than 65% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia 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?
Housing stock: occupied vs vacant
8,666housing units
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 ZIP avg
$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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 24503, both outside VA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,331 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Lynchburg County
Related Areas
Frequently Asked Questions
What county is ZIP code 24503 in?
ZIP code 24503 (Lynchburg) is located in Lynchburg County, Virginia. Lynchburg County contains multiple ZIP codes, see the full list at /counties/lynchburg-va.
What is the population of ZIP code 24503?
ZIP code 24503 in Lynchburg, VA has a population of 19,331 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24503?
The median household income in ZIP 24503 is $89,137, which is 17% above the national average of $76,288.
What is the average home value in ZIP 24503?
The median home value in ZIP 24503 is $347,500, which is 25% above the national average of $278,155.
What is the demographic makeup of ZIP 24503?
The largest racial group in ZIP 24503 is White at 80.2%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 24503?
ZIP code 24503 has 354 business establishments employing approximately 3,736 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24503?
The top industries by establishment count in ZIP 24503 are: Other services (except public administration) (48), Professional, scientific, and technical services (42), Retail trade (39). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 24503?
According to the FHFA House Price Index, home values in ZIP 24503 increased by 6.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 128%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 24503?
In ZIP code 24503, 75.4% of residents aged 25+ have a high school diploma or higher, and 60.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 24503?
The mean commute time for workers in ZIP code 24503 is 17.9 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 24503?
In ZIP code 24503, approximately 75.0% of occupied housing units are owner-occupied and 25.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24503?
The poverty rate in ZIP code 24503 is 7.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 24503's numbers, next.
- See how ZIP 24503 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lynchburg, VA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.