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Lynchburg, Moore County metropolitan government

Learn about the people, housing, costs and businesses in Lynchburg, Moore County metropolitan government, Tennessee

Median Home$285,300
Median Rent$804/month
Population6,674
Leading IndustriesRetail · Wholesale Trade23% retail
Home Value Growth⬆⬆⬆+32.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners83% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Lynchburg, Moore County metropolitan government
TN

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Frequently Asked Questions

What are today's mortgage rates in Lynchburg, Moore County metropolitan government?

As of today, the 30-year fixed mortgage rate for Lynchburg, Moore County metropolitan government is approximately 6.905% (6.941% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lynchburg, Moore County metropolitan government?

The median home value in Lynchburg, Moore County metropolitan government is $285k. The median monthly rent is $804. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynchburg, Moore County metropolitan government?

Home values in Lynchburg, Moore County metropolitan government have increased 32.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lynchburg, Moore County metropolitan government?

Based on a typical all-in ownership cost of $890/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynchburg, Moore County metropolitan government is $66k/year.

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What industries drive the economy in Lynchburg, Moore County metropolitan government?

The largest employment sectors in Lynchburg, Moore County metropolitan government are retail (23%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.