Lake Ridge, VA Real Estate

According to census data in the year 2000 there were 11,290 housing units in Lake Ridge. This represents a 33% growth from 8,488 in 1990.

Of those housing units, 11,290 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lake Ridge is about 72.6%. Lake Ridge's vacancy rate, including seasonal lodging, is about 2.5%. Average household size is 2.77 people.

The majority of houses, apartments or condos in Lake Ridge were built after 1985.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom5.70%
Two Bedrooms15.70%
Three Bedrooms46.60%
Four Bedrooms26.30%
Five Bedrooms or more5.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1984
Median Value of occupied units$158,100
Median Price asked for vacant units$122,900

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1987
Median Monthly Rent asked for vacant units$893

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage11.70%
Home Equity Loan9.60%
Simple Mortgage73.50%
Debt Free4.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%