ZIP Code 24101

In ZIP code 24101, near Lynchburg, homes carry a median value of $314,500, and the county's 0.50% effective property tax rate yields an annual bill of roughly $1,573. With median household income at $87,112, that levy absorbs under two percent of a year's earnings, while per-capita income sits at $46,317. A 5.30% combined sales tax applies to purchases. Buyers weighing this area against costlier markets will find that home prices here demand a smaller share of income than in many places, and the property tax tied to those homes stays proportional to what households bring in.