Housing costs in Lake of the Woods?
A typical home costs
$381,700, which is 12.9% more expensive than the national average of
$338,100 and 11.2% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lake of the Woods costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 5.4% more than the state average of
$1,400.
Can I afford Lake of the Woods?
To live comfortably in Lake of the Woods (zip 22508), Virginia, a minimum annual income of
$73,080 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Lake of the Woods?
The cost of living in 22508 Lake of the Woods, VA is relatively affordable. The median home value is $359,400, which is slightly above the national median home value of $231,200. However, property taxes are significantly lower than the national average at only 0.73%. The cost of groceries and health care are also relatively low compared to other areas of Virginia and the nation. Additionally, utilities tend to be low due to the mild climate in this region. This makes it an attractive place for those looking for a more cost-effective area to live in Virginia.