24503 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 24503 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateVirginia
CityLynchburg
Time ZoneAmerica/New_York
Geo Location37.45331, -79.24965
Population19384
Size108.155 square miles
Median Family Income$99335.00
Median Home Value$249900.00

Population & Demographics

The following information lists the population statistics and breakdown for the 24503 zip code. The total population is 19384, of which, 9012 are male and 10372 are female. With a total area of 108.155 square miles, the population density is 178.9 people per square mile. The median age of the population is 41.1 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201119521
201219394
201319111
201418678
201518901
201618842
201719197
201819481
201919349
202019682
202119384

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 12566.5%
Age 5-914397.4%
Age 10-1410465.4%
Age 15-1914257.4%
Age 20-2416168.3
Age 25-299264.8%
Age 30-348654.5%
Age 35-399234.8%
Age 40-441000 5.2%
Age 45-498814.5%
Age 50-5412826.6%
Age 55-5911255.8%
Age 60-6413256.8%
Age 65-6910265.3%
Age 70-7411165.8%
Age 75-798904.6%
Age 80-845392.8%
Age 85 and over7043.6%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 4.5 %
  • Speaks Spanish: 2.1 %
  • Speaks Other Indo-European Language: 1.8 %
  • Speaks Pacific Island Languages: 0.4 %
  • Speak Other Languages: 0.2 %
Marital Status: 
  • Currently Married: 54.1 %
  • Divorced: 10.2 %
  • Separated (not divorced): 1.4 %
  • Never Married: 28.3 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 24503 zip code is $99335. This is 19.21% greater than the national average. This income places 9.6% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $30414. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0056
$10,000.00 – $14,999.006
$15,000.00 – $24,999.00152
$25,000.00 – $34,999.00294
$35,000.00 – $49,999.00317
$50,000.00 – $74,999.00861
$75,000.00 – $99,999.00853
$100,000.00 – $149,999.001290
$150,000.00 – $199,999,00505
$200,000.00 +686

YearMedian Family Income ($ USD)
2011102031
2012101446
201395195
201493451
201589640
201690376
201783750
201893254
201993561
202093091
202199335

Income Source# of Households
Wage or Salary5549
Self Employment1186
Social Security3096
Dividends, Interest, or Rental2695
Retirement2697
Other1117

Total Insured & Uninsured Individuals: 
  • Families Insure: 18315
  • Families Uninsured: 851
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 2697
  • No retirement income: 5225

Education

In the 24503 zip code, 95.6% of individuals over 25 years old have a high school degree or higher, and 58.2% have a bachelors degree or higher. Additionally, 39.3% of individuals 3 years and older are in private school, and 60.7% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 24503 zip, there are an estimated 9225 people in the labor force, of which, 8824 are employed, and 341 are unemployed. There are a total of 60 people in the armed forces. The average commute time for this zip code is 19.3 minutes. Of the total people that work, 1174 worked from home and 8760 commuted. The average number of hours worked is 37.3. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts5017
Services1142
Sales and Office1590
Construction and Maintenance:446
Transportation and Material Moving629





Housing

The median home value for the 24503 zip code is 249900. There is an estimated  7922 number of occupied housing units, the median gross rent in is $872 per month, and the average monthly housing costs are estimated to be $951. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000122
$50,000 – $99,000277
$100,000 – $149,999300
$150,000 – $199,9991101
$200,000 – $299,9991895
$300,000 – $499,9991431
$500,000 – $999,999615
$1,000,000+59

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019109
2000 – 2009738
1980 – 19992119
1960 – 19792024
1940 – 19591810
1939 or earlier1122

The median number of rooms in all housing units is 6.9 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50057
$500 – $9991295
$1,000 – $1,499443
$1,500 – $1,99981
$2,000 – $2,49928
$2,499 – $2,99924
$3,000 + 69

Monthly Housing Costs ($)Number of Households
Less than 300249
300-499950
500-7992022
800-999921
1000-14991723
1500-19991059
2000-2499366
2500-2999233
3000+274

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%2022
20%-24.9%575
25%-29.9%198
30%-34.9%226
35+%394



# of VehiclesHouseholds
None301
12279
23542
3+1800
Home Heating Characteristics: 
  • Utility Gas: 28.2 %
  • Bottle Tank or LP Gas: 1.7 %
  • Electricity: 63.5 %
  • Oil or Kerosene etc: 4 %
  • Coal or Coke: 0 %
  • All Other: 2.2 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.