Home prices
The cost of the median home in Lynchburg is $141,500. It is about $11,420 (8%) higher in comparison to the surrounding areas.It is roughly $76,000 (34%) lower compared to the nation as a whole, and compared to the city of Memphis it is roughly $39,700 (38%) higher.
Rents
Lynchburg's median rent is $876 a month. In comparison to nearby areas this is roughly $58 (6%) lower.In comparison to the entire country it is about $186 (17%) lower, and in comparison to the city of Memphis it is approximately $25 (2%) lower.
Nearby places
Horn Lake
Horn Lake is Lynchburg's neighbor to the east. The housing prices there are a lot less expensive. Horn Lake's median home price is $106,400, which works out to $35,100 (32%) lower than Lynchburg. The rent there is a bit more expensive. Horn Lake's median monthly rent is $1,033, which is $157 (15%) higher than Lynchburg.
Walls
Walls is roughly 3 miles southwest from Lynchburg. Housing prices there are a little less expensive. Walls's median home price is $126,100, which is $15,400 (12%) lower than Lynchburg. The rent there is pretty similar. In Walls the median rent is $883 a month, which is very similar to Lynchburg.
Southaven
Southaven is about 6 miles east from Lynchburg. Its housing prices are a little more expensive. The median home in Southaven costs $153,200, which is $11,700 (7%) higher than Lynchburg. Rents there are somewhat more expensive. The median monthly rent in Southaven is $1,056, which comes out to $180 (17%) higher than Lynchburg.
Hernando
Hernando is roughly 9 miles southeast of Lynchburg. Its housing prices are a little more expensive. Hernando's median home cost is $197,100, which is $55,600 (28%) higher than Lynchburg. Rents there are somewhat more expensive. In Hernando the median monthly rent is $1,039, which comes out to $163 (15%) higher than Lynchburg.
Horseshoe Lake
Horseshoe Lake is roughly 10 miles west from Lynchburg. The housing prices there are a lot less expensive. The cost of the median home in Horseshoe Lake is $67,600, which works out to $73,900 (109%) lower than Lynchburg. The rent there is significantly less expensive. Horseshoe Lake's median rent is $658 a month, which works out to $218 (33%) lower than Lynchburg.
