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 Units by Size|
|Five Bedrooms or more||5.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.93|
|Median year structure was built||1984|
|Median Value of occupied units||$158,100|
|Median Price asked for vacant units||$122,900|
Rented Homes, Apartments and Condos
|Average Household Size||2.35|
|Median year structure was built||1987|
|Median Monthly Rent asked for vacant units||$893|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||9.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.4%|