Aug 2026
$278K
-2.6% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Lynchburg, VA housing market
Lynchburg, VA median sale price $278K in Aug 2026, down 2.6% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in Lynchburg, VA is $278K as of Aug 2026, down 2.6% from a year earlier. The decline is steeper than in most of the 195 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro points the other way: up 4.7% through Q2 2026.
On median sale price, Lynchburg ($278K) ranks 4th of the five Virginia metros Pecan Street tracks, between Virginia Beach / Norfolk ($428K) and Roanoke ($248K). On median days on market, Lynchburg (58 days) ranks 3rd of the five Virginia metros, between Charlottesville (60 days) and Richmond (44 days). On share of listings with a price cut, Lynchburg (39%) ranks 3rd of the five Virginia metros, between Richmond (41%) and Virginia Beach / Norfolk (33%).
Listings spent a median 58 days on market in Sep 2026. 39% of active listings carry a price cut, 0.2 points fewer than a year earlier. That share is higher than in most of the 195 metros. Building permits authorized 114 new housing units in Aug 2026.
At the 7.45% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,549 a month; at 28% of gross income, that takes about $66K a year. The median sale price equals about 15 years of HUD Fair Market Rent, a ratio up 2.9% from a year earlier. Active listings ask a median $192 per square foot, up 2.0% from a year earlier.
In seven of the 12 ZIP codes in the table below, median list prices are higher than a year earlier; five are lower.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,549/mo
$66K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Lynchburg compares to other U.S. metros
| Home-price growth | ↓173rd of 195 |
|---|---|
| Price cuts | ↑78th of 195 (top 40%) |
| Price-to-rent | 98th of 195 |
| Days on market | 96th of 195 (top 50%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 15 +2.9% YoY 98th of 195 |
|---|---|
| Asking price / sq ft | $192 +2.0% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 39% -0.2 pts YoY ↑78th of 195 (top 40%) |
|---|---|
| New housing units permitted | 114 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 28 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
red · 7.3ppRedfin (city) -2.6% | FHFA HPI · Q2 2026 +4.7% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in VA
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 24104 | $422K↓ | 55↑ | 20↑ | 14↑ | 65↑ | $527K↑ |
| 24121 | $584K↑ | 151↑ | 32↑ | 58↑ | 71↓ | $565K↑ |
| 24179 | $328K↑ | 64↑ | 22↑ | 36↑ | 47↓ | $290K↑ |
| 24501 | $226K↑ | 101↑ | 32↓ | 46↓ | 45↑ | $198K↓ |
| 24502 | $298K↓ | 145↑ | 54↑ | 62↑ | 45↑ | $279K↑ |
| 24503 | $475K↓ | 79↑ | 32↓ | 34↓ | 49↓ | $375K↑ |
| 24504 | $251K↑ | 51↑ | 16↓ | 24↑ | 58↑ | $183K↓ |
| 24521 | $385K↑ | 43↑ | 16↓ | 8↑ | 82↑ | $301K↑ |
| 24523 | $350K↓ | 89↑ | 28↑ | 36↑ | 64↑ | $290K↑ |
| 24551 | $489K↑ | 89↑ | 42 | 28↑ | 63↑ | $428K↑ |
| 24572 | $295K↓ | 41↑ | 18↑ | 14↑ | 51↓ | $248K↑ |
| 24588 | $355K↑ | 38↓ | 16↑ | 8↑ | 70↓ | $286K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.