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Dearington Home for Sale

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    $125,000

    • 2 Beds
    • 1 Bath
    • 666 Sq Ft

    206 Morgan St, Lynchburg, VA 24501

    Good starter home on nice level lot with off street parking. This home is in move in condition but could use a little TLC and updating. All appliances convey with the property. Full basement with interior and exterior entrances. Huge privacy hedge in the front yard. Very convenient to stores, restaurants etc....

    Jim Straebel Coldwell Banker Forehand & Co.

    206 Morgan St, Lynchburg, VA 24501

Why Live in Dearington

Dearington, a small suburb in Lynchburg with a population of 881, is known for its close-knit community where neighbors genuinely care for one another. The neighborhood attracts nature lovers due to its proximity to the James River and various hiking trails. Jefferson Park, the main green space, features basketball and tennis courts, a playground, and a walking and biking trail. The park also hosts a community center that offers a range of activities and events. The James River, just two miles east, provides opportunities for canoeing, kayaking, and fishing, while the nearby Blackwater Creek Natural Area and James River Trail Central Junction offer extensive hiking and wildlife observation. Downtown Lynchburg, within walking distance, boasts restaurants, shops, and the local YMCA, making it a convenient spot for dining and shopping. Dearington is home to early 1900s Bungalows and a few Cape Cod-style houses, with homes typically featuring decent-sized lawns and backyards filled with maple and oak trees. E.C. Glass High School, a highly rated institution, is located nearby, offering over 20 advanced placement courses and career technical programs. The neighborhood is very walkable, with public transportation options provided by the Greater Lynchburg Transit Company and easy access to U.S. Route 29. Lynchburg Regional Airport is 7 miles away. Despite the extreme risk of flooding due to the James River, the city has implemented the Lynchburg Rising program to educate and prepare residents for potential flooding events.

Frequently Asked Questions

Is Dearington a good place to live?
Dearington is a good place to live. Dearington is considered car-dependent and somewhat bikeable with some transit options. Dearington has 3 parks for recreational activities. It is sparse in population with 2.8 people per acre and a median age of 28. The average household income is $32,475 which is below the national average. College graduates make up 18% of residents. A majority of residents in Dearington are renters, with 69.9% of residents renting and 30.1% of residents owning their home. A local real estate agent serving Dearington can help you decide if this neighborhood is the right one for you. Learn more on our Dearington neighborhood guide.
How much do you need to make to afford a house in Dearington?
The median home price in Dearington is $380,000. If you put a 20% down payment of $76,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Dearington. The average household income in Dearington is $32K.
What are the best public schools in Dearington?
The best public schools that serve Dearington are:
What are the best private schools in Dearington?
The best private schools that serve Dearington are:
What are the most popular zip codes in Dearington, Lynchburg, VA?
The most popular zip codes in Dearington, Lynchburg, VA include 24501, 24504, 24503, 24502 and 24572.
What are the most popular neighborhoods near Dearington, Lynchburg, VA?
The most popular neighborhoods near Dearington, Lynchburg, VA are Tate Springs, Tinbridge Hill, Woodland, Miller Park and Garland Hill.
Are home prices dropping in Dearington?
Yes, home prices in Dearington are down 51% in the last 12 months.

Home Trends in Dearington, VA

Housing Trends

Median Sale Price
$195,000
Median Single Family Sale Price
$380,000
Average Price Per Sq Ft
$486
Number of Homes for Sale
0
Last 12 months Home Sales
1
Months of Supply
0.00
Median List Price
$380,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-57%
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