Lynchburg city, Virginia: commercial real estate data.
Lynchburg city, Virginia has a population of 79,497 across 49 square miles, up 1.6 percent since the 2020 census base. 2,251 establishments operate here, and the SBA record carries 50 7(a) approvals worth $30.6 m.
107 sourced county values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lynchburg city
How many people live in Lynchburg city
- Population79,497
- 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-equivalents732nd
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 an affordable ownership market 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 change since the 2020 census base1.62 percent
- Census 2020 base population79,017
- 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
The county has grown 1.62 percent since the 2020 census base.
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
- Adjusted gross income arriving$169.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$56,528
- Largest single originLynchburg city Non-migrants (24,130 households)
- Largest single destination (24,130 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lynchburg city Non-migrants | 24,130 | 46,146 | $1.73 bn |
| Other flows - Different State | 1,140 | 1,902 | $70.5 m |
| Other flows - South | 574 | 964 | $32.8 m |
| Campbell County | 507 | 876 | $22.5 m |
| Other flows - Same State | 420 | 639 | $21.8 m |
| Bedford County | 401 | 656 | $23.5 m |
| Other flows - Northeast | 254 | 409 | $14.7 m |
| Amherst County | 215 | 382 | $8.3 m |
The largest single source of arrivals is Lynchburg city Non-migrants, 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
Largest employers in Lynchburg city
- Covered employment, annual average47,689
- Establishments reporting2,654
- Average annual pay$58,705
- Average weekly wage$1,129
- Sector 62, employment10,607
- Sector 62, average annual pay$68,397
- Sector 44-45, employment5,800
- Sector 44-45, average annual pay$33,958
- Sector 72, employment5,611
- Sector 72, average annual pay$21,438
- Sector 31-33, employment5,088
- Sector 31-33, average annual pay$72,745
- Sector 54, employment3,118
- Sector 23, employment1,682
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,607 | 609 | $68,397 |
| Sector 44-45 | 5,800 | 322 | $33,958 |
| Sector 72 | 5,611 | 233 | $21,438 |
| Sector 31-33 | 5,088 | 89 | $72,745 |
| Sector 54 | 3,118 | 232 | $110,615 |
| Sector 23 | 1,682 | 128 | $77,962 |
| Sector 61 | 1,676 | 42 | $42,426 |
| Sector 52 | 1,592 | 155 | $95,850 |
The largest sector is the biggest private employer group at 10,607 jobs, 22.2 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
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.
US Census Bureau, County Business Patterns, 2023.
Lynchburg city
Building permits in Lynchburg city
- Housing units authorised by permit, 2024472
- Declared construction value permitted$113.0 m
- Single family units authorised232
- Multifamily units authorised240
- Multifamily share of units50.8 percent
- Average declared value per unit$239,413
- Units authorised per 1,000 households16.4
Multifamily is 50.8 percent of units authorised, 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$1,503,000
- 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$197,000
- Distinct CDCs active3
- 504 jobs per approval8.9
- 504 jobs per million dollars approved13.9
- Most active CDCBusiness Finance Group, Inc. (9)
- 7(a) share of SBA approvals75.8 percent
- Combined SBA approval dollars$40.9 m
The average approval of $612,778 sits well above the median of $300,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
Too few loans have reached a final outcome to publish a charge off rate. only 5 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population79,497
- 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?
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. 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 the average wage in Lynchburg city?
Average annual pay is $58,705, or $1,129 a week, across 47,689 covered jobs. 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 totalling $30.6 m since FY2020, across 23 lenders, with a median approval of $300,000, plus 16 504 approvals worth $10.3 m. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Lynchburg city?
472 housing units were authorised 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 Lynchburg city Non-migrants, with 24,130 households. Arriving households report an average income of $56,528 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.