$0/mo House For Rent
3 bed, 2.0 bath, 1,764 sqft
The median list price per square foot in Lynchburg is $85, which is lower than the Lynchburg Metro average of $106. The median price of homes currently listed in Lynchburg is $144,900 while the median price of homes that sold is $146,400. The median rent price in Lynchburg is $750, which is lower than the Lynchburg Metro median of $795.
Foreclosures will be a factor impacting home values in the next several years. In Lynchburg 0.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.4
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lynchburg is 3.0%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lynchburg homeowners underwater on their mortgage is 15.4%.more