Total monthly cost of ownership
Cost to Own a Home in Lynchburg, Ohio
A $161,000 home here costs
$1,449per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $62,000 a year.
A standard mortgage calculator would have told you $878. The real number is $571 higher every month, 65% more than the payment most buyers budget for.
Compare Highland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lynchburg from a five-year rolling sample, and with about 1,408 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Highland County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lynchburg against Highland County and Ohio
| Measure | Lynchburg | Highland County |
|---|---|---|
| Median home value | $160,900 | $157,000 |
| Median property tax | $1,741 | $1,475 |
| Effective tax rate | 1.082% | 0.939% |
| Median gross rent | $840 | $757 |
| Population | 1,408 | 43,403 |
Lynchburg extends across 2 counties. Figures here use Highland County, where most of its housing sits.
The weather behind that power bill
Lynchburg sits in Highland County, which averages a high of 84.6°F in its hottest month and a low of 19.4°F in its coldest, with 46.68" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 829 cooling and 5,441 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Highland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Highland County
Talk to someone who works this market
These are Lynchburg averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Lynchburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lynchburg I already own here and may sell
Common questions
How much does it cost to own a home in Lynchburg?
A $161,000 home in Lynchburg, Ohio costs approximately $1,449 per month with 20% down at 7.24%. That is $878 principal and interest, $145 property tax, $60 homeowners insurance, $232 utilities and $134 set aside for maintenance.
What is the property tax rate in Lynchburg?
Lynchburg has an effective property tax rate of 1.082%, based on a median home value of $160,900 and median real estate taxes of $1,741. That is higher than the Highland County average of 0.939%.
What is the average home price in Lynchburg?
The median owner-occupied home value in Lynchburg, Ohio is $160,900, against $157,000 across Highland County.
Is it cheaper to rent or buy in Lynchburg?
Median gross rent in Lynchburg is $840 a month, against $1,449 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lynchburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lynchburg, Ohio at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,449 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lynchburg, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Ohio.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.