Why Live in Central Business District
Lynchburg’s Central Business District, commonly referred to as Downtown, is a vibrant area that attracts local businesses, college students, and resident artists. The neighborhood has undergone significant revitalization, with renovated roads, gardens, and tree plantings enhancing its appeal. Downtown is close to several colleges, including Liberty University, Sweet Briar College, and the University of Lynchburg, all within 12 miles. Major employers like BWXT Nuclear Operations Group and Centra Lynchburg General Hospital are also nearby. The area is known for its local eateries, such as Depot Grille, Bootleggers, The Water Dog, and 7 Rooftop Bar, which offer a variety of dining experiences. The Virginian Hotel’s William & Henry Steakhouse and Father’s Café and Bakery are also popular spots. Residents often shop for groceries at the Lynchburg Community Market and the Food Lion in Madison Heights. The neighborhood features public art and street paintings, with Art Alley showcasing works by local artists. Housing options include lofts and condos in brick colonial and midcentury modern styles, often converted from old industrial buildings. Recreational spaces include Old City Cemetery, known for its rose gardens and walking paths, and the Rotary Centennial Riverfront Skatepark. Riverfront Park is being remodeled to include a stage for entertainment. E.C. Glass High School, which offers dual enrollment courses, serves the area’s students. Downtown is relatively flat, making it walkable, and is bordered by Route 163 and Route 29, with bus stops on most streets.
Home Trends in Central Business District, VA
On average, homes in Central Business District, Lynchburg sell after 46 days on the market compared to the national average of 51 days. The median sale price for homes in Central Business District, Lynchburg over the last 12 months is $265,000, up 72% from the median home sale price over the previous 12 months.
Median Sale Price
$265,000
Median Single Family Sale Price
$289,900
Median Townhouse Sale Price
$435,000
Average Price Per Sq Ft
$317
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$294,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
72%