The typical owner-occupied home in Lynchburg is worth about $107,300, 59% below the South Carolina median of $259,000 and 68% below the national median of $332,700. Owners pay a median $520 a year in property taxes, about 0.48% of their home's value, close to the South Carolina rate of 0.48%. The median household earns $17,629 a year, so the median home costs 6.1 times the median income (3.7 times for South Carolina). 51% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Lynchburg at a glance
| Lynchburg | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $107,300 | $259,000 | $332,700 |
| Median property tax paid per year | $520 | $1,251 | $3,119 |
| Property tax as a share of value | 0.48% | 0.48% | 0.94% |
| Median household income | $17,629 | $69,324 | $80,734 |
| Homes lived in by their owners | 51% | 72% | 65% |
| Owner homes with a mortgage | 15% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,354 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.7% | 21.0% |
| Median rent | $833 | $1,180 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.1% | 30.6% |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 19.5% | 13.3% | 10.1% |
| Population | 323 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Lynchburg
At this week's average 30-year rate of 7.11%, buying the median Lynchburg home of $107,300 with 20% down costs about $665 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $844, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,503 for the 20%-down payment. That payment is 45% of the median Lynchburg household income of $17,629; at that income and 20% down, the 28% guideline points to a home of about $66,000.
The median rent here is $833 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,460 |
|---|---|
| Loan amount | $85,840 |
| Principal and interest | $577 |
| Property taxes (0.48% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $665 |
Change the numbers in the calculator
| Down payment | $3,756 |
|---|---|
| Loan amount | $105,357 |
| Principal and interest | $709 |
| Property taxes (0.48% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $47 |
| Total per month | $844 |
Change the numbers in the calculator
Questions about home buying in Lynchburg
What is the median home value in Lynchburg?
About $107,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lynchburg?
Homeowners pay a median $520 a year, which is about 0.48% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lynchburg?
For the median home with 20% down at 7.11%, the payment is about $665 a month. Keeping that under 28% of gross income takes about $28,503 a year.
More about Lynchburg
- Mortgage Refinance in Lynchburg
- Debt Relief in Lynchburg
- Home Equity Loans in Lynchburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data