HousingHandbookReference data

U.S. ZIP Code · VA24179

Bedford County · Lynchburg, VA

Typical home value

$287,950[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.1%
5-year / yr
+6.9%
10-year / yr
+6.6%

Relative price

vs U.S.
+1.4%
vs metro
+2.1%
vs state
-12.3%
ZIP 24179 location in VA
Location of ZIP 24179 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 24179 is worth $287,950 — 2.1% above the Lynchburg, VA median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,160 a month — a 4.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,160[2]
Gross yield
4.8%[2]
Cap rate
2.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$2,143[3]

#Climate risk

FEMA National Risk Index ratings for Bedford County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Very Low
Hurricane
Relatively Low
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
18,773[3]
Median household income
$67,565[3]

#Migration

Household moves in and out of Bedford County over a year, from IRS tax-return data.

Net migration
+162[5]
Moved in
2,495
Moved out
2,333

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
2
Middle
1
High
1
  • William Byrd High

    High · Grades 9–12 · Roanoke County Public Schools

    1,127 students

  • William Byrd Middle

    Middle · Grades 6–8 · Roanoke County Public Schools

    821 students

  • W.E. Cundiff Elementary

    Elementary · Grades PK–5 · Roanoke County Public Schools

    496 students

  • Herman L. Horn Elementary

    Elementary · Grades PK–5 · Roanoke County Public Schools

    425 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.8%
Net yield (after ~40% expenses)2.9%
Annual rent$13,914

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,456
Loan principal$230,360
Down payment$57,590
Total interest paid$293,812

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.62
Monthly cost to own$1,874
Monthly rent$1,160

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
81st percentile[1]
Rental yield
33rd percentile[2]
Property tax
100th percentile[3]

Frequently asked

How much is a home worth in ZIP code 24179?
The typical home in 24179 is worth $287,950, based on the Zillow Home Value Index.
Are home values rising in 24179?
Home values in 24179 are up 4.1% over the past year, and up 6.9% a year over five years.
What is the typical rent in 24179?
A typical home in 24179 rents for about $1,160 a month, a gross rental yield of 4.8%.
What is the property tax rate in 24179?
The effective property tax rate in 24179 is 0.7% — roughly $2,143 a year on a typical home.
Who lives in 24179?
ZIP code 24179 has a population of 18,773 and a median household income of $67,565.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Concord CDP, VA

    Typical home
    $288,815
    Gross yield
  • Timberlake CDP, VA

    Typical home
    $292,409
    Gross yield
  • Bedford, VA

    Typical home
    $282,376
    Gross yield
  • VA

    Typical home
    $293,805
    Gross yield
  • Rustburg CDP, VA

    Typical home
    $281,988
    Gross yield
  • Appomattox, VA

    Typical home
    $281,797
    Gross yield

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