HousingHandbookReference data

U.S. ZIP Code · VA24588

Campbell County · Lynchburg, VA

Typical home value

$281,988[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.0%
5-year / yr
+6.4%
10-year / yr
+6.1%

Relative price

vs U.S.
≈ U.S. median
vs metro
≈ metro median
vs state
-14.1%
ZIP 24588 location in VA
Location of ZIP 24588 in VA

Price history

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

The typical home in 24588 is worth $281,988. Over the past year, values have risen 2.0%. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$1,163[3]

#Climate risk

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

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

#Who lives here

Population
8,817[3]
Median household income
$73,231[3]

#Migration

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

Net migration
+259[5]
Moved in
1,944
Moved out
1,685

Schools

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

Public schools
6
Elementary
2
Middle
1
High
1
  • Rustburg High

    High · Grades 9–12 · Campbell County Public Schools

    851 students

  • Rustburg Middle

    Middle · Grades 6–8 · Campbell County Public Schools

    631 students

  • Yellow Branch Elementary

    Elementary · Grades PK–5 · Campbell County Public Schools

    560 students

  • Rustburg Elementary

    Elementary · Grades PK–5 · Campbell County Public Schools

    442 students

  • Campbell County Technical Center

    Not applicable · Campbell County Public Schools

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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,426
Loan principal$225,590
Down payment$56,398
Total interest paid$287,728

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 ratio
Monthly cost to own$1,757
Monthly rent

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
70th percentile[1]
Rental yield
[2]
Property tax
7th percentile[3]

Frequently asked

How much is a home worth in ZIP code 24588?
The typical home in 24588 is worth $281,988, based on the Zillow Home Value Index.
Are home values rising in 24588?
Home values in 24588 are up 2.0% over the past year, and up 6.4% a year over five years.
What is the property tax rate in 24588?
The effective property tax rate in 24588 is 0.4% — roughly $1,163 a year on a typical home.
Who lives in 24588?
ZIP code 24588 has a population of 8,817 and a median household income of $73,231.

#Comparable ZIPs

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

  • Appomattox, VA

    Typical home
    $281,797
    Gross yield
  • Bedford, VA

    Typical home
    $282,376
    Gross yield
  • Lynchburg, VA

    Typical home
    $277,828
    Gross yield
    6.3%
  • VA

    Typical home
    $277,694
    Gross yield
  • Vinton, VA

    Typical home
    $287,950
    Gross yield
    4.8%
  • Concord CDP, VA

    Typical home
    $288,815
    Gross yield

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