How much house does $500,000 buy you in Lynchburg?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Lynchburg?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lynchburg right now. Listings below $500,000 were included if necessary.
3588 Depot Rd, Rustburg, VA 24588
- Price: $474,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,550
- See 3588 Depot Rd, Rustburg, VA 24588 on Redfin.com
3464 Ivylink Pl, Lynchburg, VA 24503
- Price: $475,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 2,729
- See 3464 Ivylink Pl, Lynchburg, VA 24503 on Redfin.com
1103 Moreview Dr, Lynchburg, VA 24502
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,155
- See 1103 Moreview Dr, Lynchburg, VA 24502 on Redfin.com
4675 Rocky Ford Rd, Bedford, VA 24523
- Price: $499,950
- 4 bedrooms, 3 bathrooms
- Square feet: 2,240
- See 4675 Rocky Ford Rd, Bedford, VA 24523 on Redfin.com
6796 Charlemont Rd, Goode, VA 24556
- Price: $474,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 5,103
- See 6796 Charlemont Rd, Goode, VA 24556 on Redfin.com
2853 White Rd, Forest, VA 24551
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,600
- See 2853 White Rd, Forest, VA 24551 on Redfin.com
1038 Valencia Dr, Huddleston, VA 24104
- Price: $479,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,851
- See 1038 Valencia Dr, Huddleston, VA 24104 on Redfin.com
854 Woodlawn Trl, Appomattox, VA 24522
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,335
- See 854 Woodlawn Trl, Appomattox, VA 24522 on Redfin.com
1170 Mont View Ln, Forest, VA 24551
- Price: $489,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,202
- See 1170 Mont View Ln, Forest, VA 24551 on Redfin.com
8 Northgate Ct, Lynch Station, VA 24571
- Price: $499,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,908
- See 8 Northgate Ct, Lynch Station, VA 24571 on Redfin.com
3528 Ridgecroft Dr, Lynchburg, VA 24503
- Price: $499,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,782
- See 3528 Ridgecroft Dr, Lynchburg, VA 24503 on Redfin.com
519 Belvedere St, Lynchburg, VA 24503
- Price: $479,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,735
- See 519 Belvedere St, Lynchburg, VA 24503 on Redfin.com
1232 Doulton Cir, Lynchburg, VA 24503
- Price: $478,500
- 3 bedrooms, 3 bathrooms
- Square feet: 3,370
- See 1232 Doulton Cir, Lynchburg, VA 24503 on Redfin.com
1222 8Th Fairway Ln, Huddleston, VA 24104
- Price: $485,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,536
- See 1222 8Th Fairway Ln, Huddleston, VA 24104 on Redfin.com
1064 Savanna Hills Dr, Moneta, VA 24121
- Price: $485,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,024
- See 1064 Savanna Hills Dr, Moneta, VA 24121 on Redfin.com
111 Retreat Ln, Huddleston, VA 24104
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,629
- See 111 Retreat Ln, Huddleston, VA 24104 on Redfin.com
1217 Snowfield Cir, Lynchburg, VA 24503
- Price: $498,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,440
- See 1217 Snowfield Cir, Lynchburg, VA 24503 on Redfin.com
Mcdaniel Rd, Bedford, VA 24523
- Price: $479,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,440
- See Mcdaniel Rd, Bedford, VA 24523 on Redfin.com
1309 W Pine Ridge Rd, Huddleston, VA 24104
- Price: $499,950
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,307
- See 1309 W Pine Ridge Rd, Huddleston, VA 24104 on Redfin.com
225 Coburn Ln, Appomattox, VA 24522
- Price: $488,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,074
- See 225 Coburn Ln, Appomattox, VA 24522 on Redfin.com
Lot 3 Belvior Cir, Moneta, VA 24121
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,740
- See Lot 3 Belvior Cir, Moneta, VA 24121 on Redfin.com
1270 Hupps Hill Ln, Forest, VA 24551
- Price: $479,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,035
- See 1270 Hupps Hill Ln, Forest, VA 24551 on Redfin.com
1240 Gladden Cir, Forest, VA 24551
- Price: $469,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,905
- See 1240 Gladden Cir, Forest, VA 24551 on Redfin.com
1933 Bear Creek Rd, Rustburg, VA 24588
- Price: $494,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,815
- See 1933 Bear Creek Rd, Rustburg, VA 24588 on Redfin.com
1170 Destiny Ln, Forest, VA 24551
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,809
- See 1170 Destiny Ln, Forest, VA 24551 on Redfin.com
1051 Wills Way, Forest, VA 24551
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,805
- See 1051 Wills Way, Forest, VA 24551 on Redfin.com
1166 E Lois Ct, Bedford, VA 24523
- Price: $465,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,784
- See 1166 E Lois Ct, Bedford, VA 24523 on Redfin.com
2201 Twin Lake Dr, Bedford, VA 24523
- Price: $469,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,647
- See 2201 Twin Lake Dr, Bedford, VA 24523 on Redfin.com
11299 Moneta Rd, Moneta, VA 24121
- Price: $500,000
- 3 bedrooms, 1 bathroom
- Square feet: 1,994
- See 11299 Moneta Rd, Moneta, VA 24121 on Redfin.com
1245 Graves Harbor Trl, Huddleston, VA 24104
- Price: $479,500
- 2 bedrooms, 2 bathrooms
- Square feet: 1,050
- See 1245 Graves Harbor Trl, Huddleston, VA 24104 on Redfin.com
