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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 5.70% |
| Two Bedrooms | 15.70% |
| Three Bedrooms | 46.60% |
| Four Bedrooms | 26.30% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 11.70% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 73.50% |
| Debt Free | 4.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
