$282,500
- 4 Beds
- 2 Baths
- 1,326 Sq Ft
10406 Richmond Hwy, Lynchburg, VA 24504
Tim Bushnell Keller Williams
$282,500
10406 Richmond Hwy, Lynchburg, VA 24504
Tim Bushnell Keller Williams
Nestled in the Blue Ridge Mountains along the James River, Lynchburg combines outdoor recreation with rich history and culture. The Blackwater Creek Trail system provides over 30 miles of paths for walking and cycling, while Percival's Island Natural Area lets residents enjoy James River views. Families frequent Amazement Square, an award-winning children's museum, and history buffs explore the Federal-style Point of Honor mansion and the Anne Spencer House & Garden Museum. The Academy Center of the Arts and Riverviews Artspace showcase local cultural talent, while restaurants like Waterstone Pizza and The Water Dog serve creative fare in historic downtown settings.
The Lynchburg housing market features diverse options across distinct neighborhoods. The median single family home price in Boonsboro reaches $500,000, while Rivermont's median sits at $167,700. Forest commands a median of $415,000, and Wyndhurst homes typically sell for $396,000. Townhomes throughout the city have a median price of $275,000, while one bedroom condos start at a median of $224,500.
Living costs run 7.2% below the national average. A family with school-age children needs approximately $98,000 annually to live comfortably, with monthly housing costs around $2,000 and groceries at $1,500. The property tax rate of 0.84% falls between nearby Charlottesville at 0.81% and Roanoke at 1.01%. Public transportation includes the Greater Lynchburg Transit Company bus system and Amtrak service to Northeast corridor cities. Top-rated schools include Forest Elementary and Virginia Episcopal School. Major employers include Liberty University, BWX Technologies, and Genworth Financial, supporting a growing technology and manufacturing sector.
On average, homes in Lynchburg, VA sell after 41 days on the market compared to the national average of 57 days. The median sale price for homes in Lynchburg, VA over the last 12 months is $279,900, up 7% from the median home sale price over the previous 12 months.
Buyers in Lynchburg often value traditional homes, quiet streets, and mountain views in areas like Boonsboro and Timberlake.