Why Live in Tate Springs
Tate Springs, a neighborhood in Lynchburg, has been a secure suburb since 1912, attracting many medical professionals due to its proximity to major healthcare facilities like Centra Lynchburg General Hospital and Centra Heart and Vascular Institute. The area is known for its traditional atmosphere, making it a suitable place for families. The James River, just two miles away, offers fishing and canoeing opportunities, while Lynchburg Dog Park and Blackwater Creek Athletic Area provide recreational spaces for both pets and people. Blackwater Creek Natural Area features seven trails, some leading to the Awareness Garden, a reflective space dedicated to cancer victims. The neighborhood consists of ranch-style and Colonial homes along hilly roads. However, due to its proximity to the James River, there is an extreme risk of flooding, and residents are advised to have flood insurance. Tate Springs is served by the Lynchburg City Schools District, with E.C. Glass High School being a highly rated option. The University of Lynchburg is nearby, and Liberty University is 5 miles away. Dining options include La Carreta, known for its authentic Mexican cuisine, and Jo Jo Pizza & Grill. For groceries, residents frequent F & L Market Grocery Store and Lynchburg Community Market, which also features live music on Saturdays. Venue Cinemas offers affordable movie tickets, and downtown Lynchburg, less than a 10-minute drive away, hosts small businesses and the local YMCA. U.S. Route 29 and various bus stops provide convenient transportation, with Lynchburg Regional Airport located 9 miles away.
Frequently Asked Questions
Is Tate Springs a good place to live?
Tate Springs is a good place to live. Tate Springs is considered very car-dependent and somewhat bikeable with some transit options. Tate Springs has 2 parks for recreational activities. It is fairly sparse in population with 3.4 people per acre and a median age of 27. The average household income is $60,548 which is below the national average. College graduates make up 22.5% of residents. A majority of residents in Tate Springs are renters, with 84.6% of residents renting and 15.4% of residents owning their home. A
local real estate agent serving Tate Springs can help you decide if this neighborhood is the right one for you. Learn more on our
Tate Springs neighborhood guide.
How much do you need to make to afford a house in Tate Springs?
The median home price in Tate Springs is $527,324. If you put a 20% down payment of $105,500 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,730 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $117K a year to afford the median home price in Tate Springs. The average household income in Tate Springs is $61K.
What are the best public schools in Tate Springs?
The best public schools that serve Tate Springs are:
What are the best private schools in Tate Springs?
The best private schools that serve Tate Springs are:
What are the most popular zip codes in Tate Springs, Lynchburg, VA?
What are the most popular neighborhoods near Tate Springs, Lynchburg, VA?
Home Trends in Tate Springs, VA
On average, homes in Tate Springs, Lynchburg sell after 27 days on the market compared to the national average of 70 days. The median sale price for homes in Tate Springs, Lynchburg over the last 12 months is $534,829, up 182% from the median home sale price over the previous 12 months.
Median Sale Price
$534,829
Median Single Family Sale Price
$562,329
Average Price Per Sq Ft
$181
Number of Homes for Sale
0
Last 12 months Home Sales
4
Median List Price
$527,324
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
182%