Why Live in Riverside
Riverside in Lynchburg is a historic neighborhood situated along the James River, adjacent to Randolph College. This proximity attracts a younger demographic, including many college students who enjoy walking around town. The neighborhood is known for its historical homes and landmarks, with a mix of condominiums, small ranch-style homes, and larger Victorians and American Foursquares. However, some homes near the river face a risk of flooding, with the most recent instance in July 2023. The Lynchburg Rising program offers flood preparation lessons to residents. Riverside Park is a significant local attraction, featuring a playground, basketball courts, walking trails, and a splash pad. The park's unique trail leads to a train track, adding to its charm. Dining options along Rivermont Avenue include The Cavalier Store, a popular cash-only burger joint, and Rivermont Pizza, known for its dive-bar vibe and extensive beer menu. For groceries, residents typically shop at Kroger, 2 miles away on Boonsboro Road, or visit the Lynchburg Community Market for fresh produce and local goods. The neighborhood is served by highly rated schools, including Paul Munro Elementary School, E.C. Glass High School, and Virginia Episcopal School. Commuters use Rivermont Avenue or U.S. Route 501, with public bus service available and Lynchburg Regional Airport 10 miles away. Downtown Lynchburg, 4 miles away, offers additional dining, shopping, and cultural activities.
Frequently Asked Questions
Is Riverside a good place to live?
Riverside is a good place to live. Riverside is considered very car-dependent and somewhat bikeable with some transit options. Riverside is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Riverside has 3 parks for recreational activities. It is fairly sparse in population with 4.3 people per acre and a median age of 27. The average household income is $57,504 which is below the national average. College graduates make up 47.8% of residents. A majority of residents in Riverside are renters, with 66.8% of residents renting and 33.2% of residents owning their home. A
local real estate agent serving Riverside can help you decide if this neighborhood is the right one for you. Learn more on our
Riverside neighborhood guide.
Is Riverside, VA a safe neighborhood?
Riverside, VA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Riverside?
The median home price in Riverside is $274,900. If you put a 20% down payment of $55,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $61K a year to afford the median home price in Riverside. The average household income in Riverside is $58K.
What are the best public schools in Riverside?
The best public schools that serve Riverside are:
What are the best private schools in Riverside?
The best private schools that serve Riverside are:
What are the most popular zip codes in Riverside, Lynchburg, VA?
What are the most popular neighborhoods near Riverside, Lynchburg, VA?
Are home prices dropping in Riverside?
Yes, home prices in Riverside are down 5% in the last 12 months.
Home Trends in Riverside, VA
On average, homes in Riverside, Lynchburg sell after 53 days on the market compared to the national average of 50 days. The median sale price for homes in Riverside, Lynchburg over the last 12 months is $245,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$245,000
Median Single Family Sale Price
$282,000
Median 2 Bedroom Sale Price
$167,500
Average Price Per Sq Ft
$154
Number of Homes for Sale
3
Last 12 months Home Sales
16
Median List Price
$274,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-2%