ZIP Code 24503

ZIP code 24503, in the Lynchburg area, sits comfortably in middle- to upper-income territory, with a median household income of $89,137 and per-capita income of $51,954. Homes here carry a median value of $347,500, and the county-level property tax rate of 0.43% keeps annual tax bills fairly contained on those values. A combined sales tax rate of 5.30% applies to purchases. Together these figures point to an area where earnings run above many Virginia communities while the property tax load stays comparatively gentle, though the sales tax still adds a bit to everyday spending.