Lynchburg, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lynchburg Neighborhoods Since 2000




Lynchburg, TN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lynchburg Housing Market Information

With 6,336 people, 2,454 houses or apartments, and a median cost of homes of $166,110, Lynchburg real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lynchburg, accounting for 80.28% of the town's housing units. Other types of housing that are prevalent in Lynchburg include mobile homes or trailers ( 17.07%), large apartment complexes or high rise apartments ( 1.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynchburg. Owner-occupied housing accounts for 83.75% of Lynchburg's homes, and 71.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lynchburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lynchburg built between 2000 and later ( 24.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.82%). There's also some housing in Lynchburg built before 1939 ( 8.81%).

Vacant housing appears to be an issue in Lynchburg. Fully 16.87% of the housing stock is classified as vacant. Left unchecked, vacant Lynchburg homes and apartments can be a drag on the real estate market, holding Lynchburg real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lynchburg Home Appreciation Rates

Appreciation rates for homes in Lynchburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.01%, which ranks in the top 30% nationwide. This equates to an annual average Lynchburg house appreciation rate of 1.32%.

NeighborhoodScout's data show that during the latest twelve months, Lynchburg's appreciation rate, at 3.44%, has been at or slightly above the national average. In the latest quarter, Lynchburg's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Lynchburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$166,110

Lynchburg, TN HOME PRICES

Value Range
> $1,114,000 0.0
$835,001 - $1,114,000 0.5
$557,001 - $835,000 2.7
$445,001 - $557,000 4.4
$334,001 - $445,000 3.8
$223,001 - $334,000 16.5
$111,001 - $223,000 42.5
$56,001 - $111,000 18.3
$0 - $56,000 11.4

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
43.1852806750264 22.7040816326531

Number Of Homes And Apartments:
2,454

Lynchburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.61% 2.44% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 83.75
Renters 16.25
Vacant 16.87

Housing Market Details

 

Age of Homes

AGE OF Lynchburg HOMES
2000 or Newer 24.5
1970 - 1999 46.8
1940 - 1969 19.8
1939 or Older 8.8

Types of Homes

TYPE OF Lynchburg HOMES
Single-Family 80.3
Townhomes 0.0
Small Apt. Buildings 1.1
Apt. Complexes 1.5
Mobile Homes 17.1
Other 0.0

Home Size

SIZE OF Lynchburg HOMES
No Bedroom 0.27
1 Bedroom 3.86
2 Bedrooms 20.02
3 Bedrooms 56.64
4 Bedrooms 14.60
5 or more bedrooms 4.61