Cities with the fastest growing home prices in Lynchburg metro area

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November 23, 2022
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Cities with the fastest growing home prices in Lynchburg metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lynchburg, VA metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 28 cities and towns with data available were included in the list.

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#28. Montvale, Montvale

- 1-year price change: +$14,666 (+6.7%)
- 5-year price change: +$69,086 (+41.8%)
- Typical home value: $234,352 (#15 most expensive city in metro)
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#27. Gladstone, Gladstone

- 1-year price change: +$17,424 (+12.1%)
- 5-year price change: +$56,059 (+53.3%)
- Typical home value: $161,224 (#27 most expensive city in metro)
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#26. Brookneal, Brookneal

- 1-year price change: +$18,873 (+18.1%)
- 5-year price change: +$34,412 (+38.8%)
- Typical home value: $122,994 (#28 most expensive city in metro)
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#25. Pamplin, Pamplin

- 1-year price change: +$19,479 (+11.8%)
- 5-year price change: +$53,406 (+40.9%)
- Typical home value: $183,983 (#25 most expensive city in metro)
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#24. Goodview, Goodview

- 1-year price change: +$20,938 (+7.6%)
- 5-year price change: +$93,007 (+46.0%)
- Typical home value: $295,372 (#5 most expensive city in metro)

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#23. Madison Heights, Madison Heights

- 1-year price change: +$21,821 (+11.3%)
- 5-year price change: +$60,523 (+39.3%)
- Typical home value: $214,683 (#20 most expensive city in metro)
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#22. Coleman Falls, Coleman Falls

- 1-year price change: +$22,783 (+9.8%)
- 5-year price change: +$73,544 (+40.6%)
- Typical home value: $254,636 (#10 most expensive city in metro)
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#21. Monroe, Monroe

- 1-year price change: +$22,966 (+10.0%)
- 5-year price change: +$65,944 (+35.5%)
- Typical home value: $251,848 (#12 most expensive city in metro)
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#20. Big Island, Big Island

- 1-year price change: +$23,590 (+13.5%)
- 5-year price change: +$64,875 (+48.6%)
- Typical home value: $198,460 (#22 most expensive city in metro)
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#19. Amherst, Amherst

- 1-year price change: +$23,703 (+10.2%)
- 5-year price change: +$69,147 (+37.1%)
- Typical home value: $255,656 (#9 most expensive city in metro)

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#18. Thaxton, Thaxton

- 1-year price change: +$24,177 (+13.5%)
- 5-year price change: +$67,076 (+49.3%)
- Typical home value: $203,128 (#21 most expensive city in metro)
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#17. Altavista, Altavista

- 1-year price change: +$24,292 (+16.9%)
- 5-year price change: +$51,982 (+44.7%)
- Typical home value: $168,235 (#26 most expensive city in metro)
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#16. Red House, Red House

- 1-year price change: +$24,331 (+14.0%)
- 5-year price change: +$51,982 (data not available)
- Typical home value: $197,835 (#23 most expensive city in metro)
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#15. Gladys, Gladys

- 1-year price change: +$27,451 (+17.0%)
- 5-year price change: +$60,226 (+46.7%)
- Typical home value: $189,134 (#24 most expensive city in metro)
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#14. Appomattox, Appomattox

- 1-year price change: +$27,485 (+14.2%)
- 5-year price change: +$68,943 (+45.5%)
- Typical home value: $220,539 (#18 most expensive city in metro)

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#13. Vesuvius, Vesuvius

- 1-year price change: +$28,714 (+11.8%)
- 5-year price change: +$81,269 (+42.7%)
- Typical home value: $271,561 (#8 most expensive city in metro)
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#12. Blue Ridge, Blue Ridge

- 1-year price change: +$31,230 (+12.2%)
- 5-year price change: +$81,113 (+39.2%)
- Typical home value: $287,784 (#6 most expensive city in metro)
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#11. Concord, Concord

- 1-year price change: +$33,488 (+17.2%)
- 5-year price change: +$73,313 (+47.2%)
- Typical home value: $228,507 (#17 most expensive city in metro)
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#10. Lynch Station, Lynch Station

- 1-year price change: +$34,035 (+18.7%)
- 5-year price change: +$72,538 (+50.7%)
- Typical home value: $215,718 (#19 most expensive city in metro)
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#9. Rustburg, Rustburg

- 1-year price change: +$36,001 (+17.1%)
- 5-year price change: +$78,923 (+47.1%)
- Typical home value: $246,454 (#13 most expensive city in metro)

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#8. Vinton, Vinton

- 1-year price change: +$36,830 (+17.7%)
- 5-year price change: +$89,077 (+57.0%)
- Typical home value: $245,361 (#14 most expensive city in metro)
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#7. Lynchburg, Lynchburg

- 1-year price change: +$37,088 (+18.8%)
- 5-year price change: +$83,923 (+55.9%)
- Typical home value: $234,007 (#16 most expensive city in metro)
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#6. Bedford, Bedford

- 1-year price change: +$41,086 (+19.4%)
- 5-year price change: +$89,550 (+54.7%)
- Typical home value: $253,208 (#11 most expensive city in metro)
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#5. Evington, Evington

- 1-year price change: +$41,674 (+17.8%)
- 5-year price change: +$90,862 (+49.1%)
- Typical home value: $275,840 (#7 most expensive city in metro)
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#4. Goode, Goode

- 1-year price change: +$55,824 (+17.7%)
- 5-year price change: +$116,938 (+45.9%)
- Typical home value: $371,644 (#4 most expensive city in metro)

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#3. Huddleston, Huddleston

- 1-year price change: +$55,900 (+12.0%)
- 5-year price change: +$163,529 (+45.5%)
- Typical home value: $522,595 (#1 most expensive city in metro)
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#2. Forest, Forest

- 1-year price change: +$59,684 (+18.6%)
- 5-year price change: +$124,726 (+48.9%)
- Typical home value: $380,041 (#3 most expensive city in metro)
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#1. Moneta, Moneta

- 1-year price change: +$59,927 (+13.4%)
- 5-year price change: +$169,680 (+50.3%)
- Typical home value: $506,974 (#2 most expensive city in metro)

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