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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lynchburg, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lynchburg, TN Housing Market Trends

With a population of 6,742, 2,558 total housing units (homes and apartments), and a median house value of $415,624, Lynchburg real estate is some of the most expensive in Tennessee, although Lynchburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lynchburg, accounting for 86.18% of the town's housing units. Other types of housing that are prevalent in Lynchburg include mobile homes or trailers ( 10.30%), large apartment complexes or high rise apartments ( 2.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynchburg. Owner-occupied housing accounts for 83.18% of Lynchburg's homes, and 72.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lynchburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lynchburg built between 2000 and later ( 30.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.22%). There's also some housing in Lynchburg built before 1939 ( 10.10%).

Vacant housing appears to be an issue in Lynchburg. Fully 14.19% of the housing stock is classified as vacant. Left unchecked, vacant Lynchburg homes and apartments can be a drag on the real estate market, holding Lynchburg real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lynchburg Home Appreciation Rates

In the last 10 years, Lynchburg has experienced some of the highest home appreciation rates of any community in the nation. Lynchburg real estate appreciated 139.47% over the last ten years, which is an average annual home appreciation rate of 9.13%, putting Lynchburg in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lynchburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lynchburg's appreciation rate, at 7.63%, has been at or slightly above the national average. In the latest quarter, Lynchburg's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.

Relative to Tennessee, our data show that Lynchburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$415,624

Lynchburg, TN Home Prices
> $1,622,000
$1,216,001 - $1,622,000
$811,001 - $1,216,000
$649,001 - $811,000
$486,001 - $649,000
$324,001 - $486,000
$162,001 - $324,000
$81,001 - $162,000
$0 - $81,000
1.9%
1.9%
4.0%
4.0%
13.2%
13.2%
7.4%
7.4%
15.5%
15.5%
23.0%
23.0%
20.6%
20.6%
5.8%
5.8%
8.6%
8.6%
0% 100.0%
% of Homes
Very High

for Tennessee

High

for nation

Number of Homes And Apartments:

2,558

Lynchburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,476 / per month

Homeownership Rate

Owners
Renters
83.2%
83.2%
16.8%
16.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.2%
14.2%
85.8%
85.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.5%
30.5%
46.2%
46.2%
13.2%
13.2%
10.1%
10.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.2%
86.2%
0.2%
0.2%
0.2%
0.2%
2.7%
2.7%
10.3%
10.3%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
3.6%
3.6%
17.7%
17.7%
54.8%
54.8%
17.8%
17.8%
4.8%
4.8%
0% 100.0%
% of Homes