ZIP Code 24503
ZIP Code Tabulation Area in Lynchburg city, Virginia.
- Population
- 19,978
- Median household income
- $92,025
- Median home value
- $320,500
+3.3%’19–’23
+22.1%’19–’23
+37.3%’19–’23
ZIP Code 24503 is a ZIP Code Tabulation Area in Lynchburg city, Virginia, home to about 19,978 residents. Its median household income of $92,025 runs above the Lynchburg city figure of $59,808.
Between 2019 and 2023, ZIP Code 24503's population grew 3.3% from 19,349 to 19,978, while its median gross rent rose 14.1% from $852 to $972.
72.5% of homes are single-family detached houses. The typical home was built around 1971.
Demographics
ACS 2019–2023- Population
- 19,978
- Median age
- 43.1 yrs
- Median household income
- $92,025
- Median home value
- $320,500
- Median gross rent
- $972
- Housing units
- 8,755
- Homeownership rate
- 74.9%
- Bachelor's degree or higher
- 59.2%
- Unemployment rate
- 3.3%
Trends
ACS 5-year · 2019–202319,34919,978
$75,353$92,025
$233,400$320,500
$852$972
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 19,349 | $75,353 | $233,400 | $852 |
| 2020 | 19,682 | $75,445 | $243,700 | $804 |
| 2021 | 19,384 | $79,335 | $249,900 | $872 |
| 2022 | 20,017 | $90,363 | $293,500 | $913 |
| 2023 | 19,978 | $92,025 | $320,500 | $972 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 56.3%
5 to 1717.5%
18 to 2410.3%
25 to 348.4%
35 to 449.8%
45 to 5412.7%
55 to 6411.9%
65 to 7412.3%
75 and over10.7%
| Count | Share | |
|---|---|---|
| Under 5 | 1,268 | 6.3% |
| 5 to 17 | 3,501 | 17.5% |
| 18 to 24 | 2,055 | 10.3% |
| 25 to 34 | 1,674 | 8.4% |
| 35 to 44 | 1,959 | 9.8% |
| 45 to 54 | 2,547 | 12.7% |
| 55 to 64 | 2,373 | 11.9% |
| 65 to 74 | 2,454 | 12.3% |
| 75 and over | 2,147 | 10.7% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 15,796 | 79.1% |
| Black or African American | 2,363 | 11.8% |
| American Indian & Alaska Native | 8 | 0.0% |
| Asian | 157 | 0.8% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 249 | 1.2% |
| Two or more races | 618 | 3.1% |
| Hispanic or Latino (any race) | 787 | 3.9% |
Educational attainment (age 25+)
No high school diploma3.5%
High school graduate13.6%
Some college or associate's23.7%
Bachelor's degree31.9%
Graduate or professional degree27.3%
| Count | Share | |
|---|---|---|
| No high school diploma | 466 | 3.5% |
| High school graduate | 1,788 | 13.6% |
| Some college or associate's | 3,111 | 23.7% |
| Bachelor's degree | 4,202 | 31.9% |
| Graduate or professional degree | 3,587 | 27.3% |
Commute to work
- Mean travel time to work
- 18 min
Drove alone72.9%
Carpooled6.0%
Public transit1.0%
Walked2.4%
Bicycle0.0%
Worked from home16.0%
Other means1.7%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 6,550 | 72.9% |
| Carpooled | 542 | 6.0% |
| Public transit | 94 | 1.0% |
| Walked | 215 | 2.4% |
| Bicycle | 0 | 0.0% |
| Worked from home | 1,434 | 16.0% |
| Other means | 155 | 1.7% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 2,806 | 37.1% |
| 15 to 29 min | 3,964 | 52.5% |
| 30 to 44 min | 482 | 6.4% |
| 45 to 59 min | 102 | 1.3% |
| 60+ min | 202 | 2.7% |
Households
- Average household size
- 2.44
- Poverty rate
- 7.7% (1,478 of 19,311)
| Count | Share | |
|---|---|---|
| Family households | 4,980 | 62.9% |
| Nonfamily households | 2,933 | 37.1% |
Housing
- Median year structure built
- 1971
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 7,913 | 90.4% |
| Vacant | 842 | 9.6% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 5,925 | 74.9% |
| Renter-occupied | 1,988 | 25.1% |
1-unit, detached72.5%
1-unit, attached5.2%
2 to 4 units5.6%
5 to 19 units11.0%
20 or more units5.7%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 6,351 | 72.5% |
| 1-unit, attached | 451 | 5.2% |
| 2 to 4 units | 494 | 5.6% |
| 5 to 19 units | 960 | 11.0% |
| 20 or more units | 499 | 5.7% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 24503
- Land area
- 37 sq mi
- Water area
- 0.69 sq mi
- Center point
- 37.4543, -79.2415
Counties this ZIP covers
2Compare with nearby ZIP codes
3National ZIP rankings
21- Largest by population
- Most densely populated
- Highest median household income
- Highest median home value
- Most affordable home values
- Highest median gross rent
- Cheapest median gross rent
- Oldest by median age
- Youngest by median age
- Most college-educated
- Highest poverty rate
- Lowest poverty rate
- Highest homeownership rate
- Lowest homeownership rate
- Longest commutes
- Shortest commutes
- Largest households
- Newest housing
- Oldest housing
- Fastest-growing (2019–2023)
- Fastest-shrinking (2019–2023)