PlainZIP

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 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 Virginia average), while per-capita income is $51,954. 7.8% of residents live below the poverty line, and the unemployment rate reads 2.7%. The typical home here is valued at $347,500 (4% above the state average); renters pay a median of $1,053 monthly, and 75.0% of units 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. Beyond these figures, 6 nearby ZIP codes within about 10 miles are surfaced below, along with 3 more sharing Lynchburg County, letting you compare 24503 to its immediate surroundings rather than a national baseline alone.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 24503?

39.3

Median Age

46.7%

Male

53.3%

Female

3.0%

Foreign-Born

White 80.2%
African American 10.8%
Asian 0.9%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.6%
Hispanic or Latino 3.8%

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

Lynchburg, VA 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

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 75.4%
Bachelor's Degree or Higher 60.2%

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

Owner 75.0%
Renter 25.0%

$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.

residents

What this shows Among its immediate neighbors, ZIP 24503 ranks #4 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 24503 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
24536 Coleman Falls, VA 194 5.0 mi
24502 Lynchburg, VA 43,426 6.8 mi
24574 Monroe, VA 3,977 8.6 mi
24551 Forest, VA 20,667 7.9 mi
24501 Lynchburg, VA 26,757 8.6 mi
24556 Goode, VA 3,053 9.4 mi

More ZIP Codes in Lynchburg County

24502 standard
Lynchburg, VA
Pop: 43,426
24501 standard
Lynchburg, VA
Pop: 26,757
24504 standard
Lynchburg, VA
Pop: 9,777

Related Areas

Lynchburg County Lynchburg, VA Virginia

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.

Read our methodology to see how this data is sourced, computed, and verified.