Neighborhoods

Throughout Lynchburg property values are strong and yet remain favorable to a high quality of life. Established neighborhoods both upscale and modest (median home value is $140,000) are filled with people who take pride in their surroundings and welcome new comers.

Total public and private investments since 2000: $118 Million; Assessed value increase: nearly 300%

Wyndhurst

  • 500 acres of mixed use commercial and residential development
  • Increase in property value from $2Mill in 1999 to $200Mill upon completion
  • The Summitt, 143-acre independent living, assisted living, and continuing care facility
  • One more similar subdivision currently under review

Downtown

  • Historic housing rehab credits are bringing more professionals to center-city neighborhoods and encouraging the restoration of late-1800s/early-1900s era architecturally significant homes
  • Riverviews Artspace: 36 residential lofts and 3 floors of commercial and artist studio space continues to have nearly 100% occupancy since opening
  • City Market Lofts - 60 market rate apartments

New subdivisions

  • Subdivisions like Beacon Hill and Bethel Park feature new homes at $400K-$500K+ with floor plans and amenities that are current with today's market
Economic Development Authority of the City of Lynchburg, Virginia
828 Main Street, 10th Floor, Lynchburg, VA 24504
Voice: 434.455.4492 Toll Free: 866.630.0810 E-mail: Marjette.Glass@lynchburgva.gov

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