Lake Ridge, VA is a great place to live and its housing market reflects the quality of life there. With a median value of $410,900, it is significantly higher than the national median value of $338,100. Despite having a 1 year house appreciation rate of 4.61%, which is lower than the US average of 8.27%, Lake Ridge remains an attractive option as its thriving economy ensures that it will remain a desirable place to live in the future.
The median home cost in Lake Ridge is $410,900. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Lake Ridge is up 11.4%.
Average Age of Homes
- The median age of Lake Ridge real estate is 31 years old
The Rental Market in Lake Ridge
- Renters make up 25.4% of the Lake Ridge population
- 1.8% of houses and apartments in Lake Ridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.