ZIP Code 24550

In ZIP code 24550, near Lynchburg, households bring in a median of $69,025 a year, with per-capita income at $33,470. That earnings level shapes how far each dollar stretches: a median home valued at $221,800 carries a county property tax rate of 0.45%, while the combined sales tax sits at 5.30%. Together these rates influence what a household keeps after housing costs and everyday purchases. With income and home values where they stand, families here weigh property taxes against sales taxes as they plan spending across the year.