Lynchburg city, Virginia: commercial real estate data.
Lynchburg city, Virginia had an estimated 80,301 residents on July 1, 2024, up 1.6 percent since the 2020 census base of 79,017, across 49 square miles. 2,251 establishments operate here, and the SBA record carries 50 7(a) approvals worth $30.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lynchburg city
How many people live in Lynchburg city
- Population, American Community Survey 2020-202479,497
- Households28,701
- Average household size2.77
- Median household income$57,947
- Median age28.6
- Median gross rent$1,073 per month
- Median owner-occupied home value$229,800
- Home value to household income4.0 times
- Annual rent as a share of median income22.2 percent
- Adults 25 and over with a bachelor degree or higher38.5 percent
- Adults 25 and over with a graduate degree15.5 percent
- Adults 25 and over44,667
- Population under 1815,388
- Share under 1819.4 percent
- Population 65 and over11,391
- Share 65 and over14.3 percent
- Working age population, 18 to 6452,718
- Civilian labor force38,381
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over59.9 percent
- Rank by population among Virginia independent cities27th of 133
- Rank by population among US county-equivalents, Puerto Rico included732nd of 3,222
Lynchburg city is the 27th largest of 133 Virginia independent cities by population. A median home costs 4.0 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 19.4 percent against 14.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lynchburg city
Is Lynchburg city's population growing?
- Population, July 1, 202480,301
- Census 2020 base population79,017
- Population change since the 2020 census base1.62 percent
- Population change, 2023 to 2024526
- Births, 20241,136
- Deaths, 2024840
- Natural change, 2024296
- Net domestic migration, 2024-46
- Net international migration, 2024279
- Total net migration, 2024233
- Cumulative net domestic migration, 2021 to 2024-529
- Rank by growth among US county-equivalents1295th of 3,144
The county has grown 1.62 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lynchburg city
Where are people moving to Lynchburg city from?
- Tax returns filed by households arriving3,003
- People arriving, from those returns4,966
- Tax returns filed by households leaving3,153
- Net household movement-150
- Adjusted gross income arriving$169.8 m
- Net adjusted gross income movement$-24.5 m
- Average income of an arriving household$56,528
- Average income of a leaving household$61,618
- Largest single originCampbell County (507 households)
- Largest single destinationCampbell County (533 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Campbell County | 507 | 876 | $22.5 m |
| Bedford County | 401 | 656 | $23.5 m |
| Amherst County | 215 | 382 | $8.3 m |
| Appomattox County | 70 | 126 | $3.2 m |
| Pittsylvania County | 48 | 71 | $2.4 m |
| Roanoke city | 39 | 67 | $1.7 m |
| Prince William County | 31 | 58 | $1.3 m |
| Chesterfield County | 30 | 44 | $1.2 m |
Households arriving report $5,090 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Campbell County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Lynchburg city
Employment by industry in Lynchburg city
- Covered employment, annual average47,689
- Establishments reporting2,654
- Average annual pay$58,705
- Average weekly wage$1,129
- Health care and social assistance, employment10,607
- Health care and social assistance, average annual pay$68,397
- Retail trade, employment5,800
- Retail trade, average annual pay$33,958
- Accommodation and food services, employment5,611
- Accommodation and food services, average annual pay$21,438
- Manufacturing, employment5,088
- Manufacturing, average annual pay$72,745
- Professional, scientific and technical services, employment3,118
- Construction, employment1,682
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 10,607 | 609 | $68,397 |
| Retail trade | 5,800 | 322 | $33,958 |
| Accommodation and food services | 5,611 | 233 | $21,438 |
| Manufacturing | 5,088 | 89 | $72,745 |
| Professional, scientific and technical services | 3,118 | 232 | $110,615 |
| Construction | 1,682 | 128 | $77,962 |
| Educational services | 1,676 | 42 | $42,426 |
| Finance and insurance | 1,592 | 155 | $95,850 |
Health care and social assistance is the largest private sector at 10,607 jobs, 22.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lynchburg city
How many businesses are in Lynchburg city?
- Establishments, all industries2,251
- Employment at those establishments57,019
- Annual payroll$3.05 bn
- Establishments per 1,000 residents28.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Lynchburg city
Building permits in Lynchburg city
- Housing units authorized by permit, 2024472
- Declared construction value permitted$113.0 m
- Single family units authorized232
- Multifamily units authorized240
- Multifamily share of units50.8 percent
- Average declared value per unit$239,413
- Units authorized per 1,000 households16.4
Multifamily is 50.8 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Lynchburg city
SBA loans in Lynchburg city (7(a) and 504)
- 7(a) approvals recorded50
- 7(a) gross approval dollars$30.6 m
- Average 7(a) approval$612,778
- Median 7(a) approval$300,000
- 10th percentile approval$30,000
- 90th percentile approval$1,500,300
- Largest single approval$4,750,000
- Jobs reported supported, 7(a)934
- Jobs per approval18.7
- Distinct 7(a) lenders active23
- Distinct industries receiving approvals37
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer20.0 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter38
- Franchise loans8
- Franchise share of approvals16.0 percent
- Leading industry by approval countRemediation Services (5)
- Most active lenderLive Oak Banking Company (7)
- 504 approvals recorded16
- 504 gross approval dollars$10.3 m
- Average 504 approval$642,250
- Median 504 approval$195,000
- Distinct CDCs active3
- 504 jobs per approval8.9
- 504 jobs per million dollars approved13.9
- Most active CDCBusiness Finance Group, Inc. (9)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$40.9 m
The average approval of $612,778 sits well above the median of $300,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 20.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lynchburg city
SBA loan default and charge-off rates in Lynchburg city
Do SBA loans in Lynchburg city get paid back?
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Cancelled6
- Status: Exempt from disclosure37
- Status: Committed, not yet disbursed2
Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lynchburg city
How large is Lynchburg city?
- Land area49 sq mi
- Rank by land area among Virginia independent cities102nd of 133
- Width, east to west10.1 mi
- Height, north to south9.2 mi
- Geographies sharing a boundary3
- Residents per square mile of land1,622
- Establishments per square mile45.94
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Lynchburg city
Flood risk in Lynchburg city
- Participation of the county's own NFIP community Lynchburg, city ofParticipating, community 510093
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Lynchburg city, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, the City of Lynchburg (community 510093), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Lynchburg city in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Lynchburg city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Lynchburg city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202479,497
- Households28,701
- Average household size2.77
- Median household income$57,947
- Median age28.6
Common questions
Lynchburg city questions, answered from the record.
How many people live in Lynchburg city, Virginia?
The Census Bureau estimates 80,301 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 79,497, in 28,701 households, ranking 27th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lynchburg city's population growing?
The population has grown 1.62 percent since the 2020 census base of 79,017, to 80,301 on July 1, 2024. In 2024 there were 1,136 births against 840 deaths, with net migration of 233. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lynchburg city?
$57,947. The median owner-occupied home is valued at $229,800, which is 4.0 times income, and median gross rent is $1,073 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Lynchburg city?
2,251 establishments, employing 57,019 people with an annual payroll of $3.05 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Lynchburg city?
Health care and social assistance is the largest private sector at 10,607 jobs, 22.2 percent of covered employment. Covered employment averages 47,689 jobs at an average annual pay of $58,705, or $1,129 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lynchburg city?
50 7(a) approvals totaling $30.6 m since FY2020, across 23 lenders, with a median approval of $300,000, plus 16 504 approvals worth $10.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Lynchburg city?
472 housing units were authorized by permit in 2024, with a declared construction value of $113.0 m. Multifamily was 50.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lynchburg city?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Lynchburg city come from?
The largest single origin is Campbell County, with 507 households. Arriving households report an average income of $56,528 against $61,618 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lynchburg city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Lynchburg city?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
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