Lynchburg, Virginia Real Estate
Lynchburg Virginia real estate is attracting many people from across the state. There is a variety of size, style and price no matter what you are looking for.
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Homes for sale in Lynchburg, VA
Why are so many people interested in the Lynchburg, Virginia real estate market? Lynchburg is located in central Virginia, about 60 miles northeast of Roanoke and about 70 miles southwest of Charlottesville. Across the 50 square miles around 80,000 that made this historic city their home. This beautiful city can be found at the foothills of the Blue Ridge Mountains and is known as the "City of Seven Hills." It is also home toRandolph College, Lynchburg College, Virginia University of Lynchburg and Liberty University.
And when visitors take advantage of popular outdoors activities (kayaking, canoeing, hiking, cycling, and camping), historic sites, and charming communities, many decide to relocate and search for:
- Homes for Sale in Lynchburg, VA
- Land for Sale in Lynchburg, VA
If you are thinking of buying or selling a home in Central Virginia, Lynchburg real estate is a terrific option. The experienced team of realtors at Virginia Estates can assist you with your Lynchburg real estate needs.
History of Lynchburg, Virginia
In the 1750's this region was referred to as New London, and although it was a trading center, it was incredibly difficult to get to. This was due to the Fluvanna River, now known as the James River, which was 12 miles north of the village. In 1757 John Lynch made it his mission to create a solution to this problem and he began a ferry service. By the end of the American Revolution Lynch's Ferry had made incredible steps towards becoming an increasing popular and important trading center. Lynch could easily see the importance of a town in earshot of the ferry, and petitioned the General Assembly of Virginia. In October of 1786 the charter was granted and thus the town of Lynchburg was established. (As a side note, Lynch's mother Sarah was an incredibly important member of the South River Society of Friends, also known as Quakers. There was a large presence of Quakers in the area for quite some time, but their opposition to slavery drove them out for the most part by the 1820's.)
Lynchburg continued to grow throughout the end of the 18th century and into the 19th century. The tobacco warehouse, homes, taverns, Masonic Lodge, and small church were only the beginning of this burgeoning town. 1798 even saw the birth of the area's first newspaper. The first decade of the 19th century saw the creation of many more tobacco warehouses, groceries, tanneries, blacksmiths and more. Lynchburg had developed into a predominantly Methodist population. Just west of Lynchburg Thomas Jefferson began his construction of Poplar Forest, which was where he escaped to from Monticello. (Poplar Forest has since been restored and is open for tours.)
By no surprise, tobacco had become the city's major source of prosperity in the early 1800's. Construction had begun on the Salem Turnpike, which connected Lynchburg to Roanoke, and a toll bridge to go across the James River. Lynch died on Halloween 1820, and was buried next to the Quaker Meeting House.
The 1800's saw industrial feats implemented everywhere. There was a reservoir built, James River and Kanawha Canal completed, Virginia & Tennessee Railroad established. And then, of course, Lynchburg lay witness to the Civil War. There was a little battle action, but that town of Lynchburg was neither defeated nor destroyed. Then in 1870, when war could not destroy the town, it seemed as though nature might try. The James River rose 26 feet, destroyed all bridges, all railroad property in the river basin, and the main gas pipe burst. For months the city had no light and water, and no bridges. The town of Lynchburg was devastated just 7 years later by another flood of similar stature.
Despite all of this, Lynchburg saw a period of prosperity after all had been reconstructed. By the early 20th century Lynchburg was transforming itself from a tobacco driven economy to a manufacturing driven economy, and from this point it began the transformation into a modern day city. There was baseball, a hydroelectric dam, and three colleges were founded. Thus, one can begin to see what makes up the current day Lynchburg.
Homes for Sale
Lynchburg has since remained a prosperous young city. With the median age being right around 30 years old, and the unemployment is at 5.7%, which is less than the national average and currently they are experiencing job growth. With this said, homes for sale in Lynchburg have been hot on the market, and even though Lynchburg has all this going for it and more, the cost of living is almost 10% less than the US average.
The average price of a home in Lynchburg is about $142,000, and home appreciation is on the up and up according to Sperling's Best Places to live. With that said, what types of homes are for sale in Lynchburg, Virginia? Commonly searched for are:
- Historic Homes for Sale in Lynchburg, VA
- New Homes for Sale in Lynchburg, VA
- Land for Sale in Lynchburg, VA
You will find many older Victorian style homes in Lynchburg, and depending on the area the price range varies largely. The most expensive neighborhood in Lynchburg is the Peakland/Randolph College area, in which the median home value is right around $255,000. With that said, homes this area also have quite a wide price range, but many of them can be found in desirable neighborhoods.
Communities in Lynchburg
Given that Lynchburg is the fifth largest city in Virginia, there are certainly more nooks and crannies can be named, but here are a few of the neighborhoods in Lynchburg:
- Bethel Park
This neighborhood is known for its offering of upscale living coupled with gorgeous mountain views. The lots here tend to be estate sized and wooded, offering a bit of privacy, without being far from schools, shopping, hospitals and country clubs.
- Beacon Hill
This neighborhood is also considered an upscale community. Here you will find homes on acreage tracts, walkout basements, and expansive front and back yards. The amenities in the homes are top of the line, and so is the school district.
- Gilfield Village
"The good life is closer than you think." Or so goes the motto of this Lynchburg neighborhood. Here you will find new, large family homes in a variety of shapes and sizes.
- Irvington Park
This neighborhood was created for the family that loves to be out and about. With tennis courts, a pool, and nature trails there is plenty to do as soon as you step out of the front door.
These are just a couple of the Lynchburg neighborhoods and communities, for more information about these and more, please contact Virginia Estates esteemed real estate team