24551 — Forest, VA Home Values
Typical home value $432,702 as of June 2026 · 3rd of 29 in Lynchburg, VA
Blue: typical home value (Zillow ZHVI) in ZIP code 24551, June 2021 to June 2026. This page shows observed data only; no forecast.
How 24551 compares in the Lynchburg, VA area
ZIP code 24551 (Forest, VA) has a typical home value of $432,702 as of June 2026, ranking 3rd of 29 ZIP codes tracked in the Lynchburg, VA area, more expensive than about 93% of ZIP codes in the metro. Prices here have moved +2.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.8%, from $333,245 in June 2021 to $432,702 in June 2026. Against observed rent, the typical home here sells for 27.1× the annual rent ($1,330/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lynchburg, VA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lynchburg.
Population and demographics
ZIP code 24551 has a population of 27,606, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 82.1% White, 7.4% Black or African American, 4% two or more races, 3.5% Hispanic or Latino, 1.5% another race, 1.3% Asian, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Forest Middle | 100 Ashwood Dr, Forest, VA | 1.2 mi |
| Forest Elementary | One Scholar Lane, Forest, VA | 1.3 mi |
| Jefferson Forest High | 1 Cavalier Circle, Forest, VA | 1.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 24551?
$432,702 as of June 2026, the latest month Zillow has published observed data for.
Is 24551 an expensive ZIP code in the Lynchburg, VA area?
24551 ranks 3rd of 29 ZIP codes in the Lynchburg, VA area by typical home value, more expensive than about 93% of ZIP codes in the metro.
How much have home values in 24551 changed over the past year?
+2.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 24551?
The typical home price is 27.1× the observed annual rent in this ZIP code ($1,330/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 24551?
27,606, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 24551?
Forest Middle (1.2 mi), Forest Elementary (1.3 mi), Jefferson Forest High (1.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 24551?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lynchburg, VA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.