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Affordable
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These days, finding an affordable place to live in the Lake Ridge area can be challenging. Home prices in Lake Ridge are now at a median cost of $495,709, higher than the Virginia average of $443,089.
The average cost of rent is $2,327/mo in Lake Ridge, primarily driven by the current value of real estate in the Lake Ridge area. In Lake Ridge, 23.25% of households rent, and 21.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Ridge is $11,373 per month. Households that rent pay about 20.46% of their income on rent here. Lake Ridge’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Potomac Mills, VA: equally priced homes
- Occoquan, VA: less expensive homes
- Woodbridge, VA: equally priced homes
- Dale City, VA: less expensive homes
- Crosspointe, VA: higher priced homes
- Marumsco, VA: less expensive homes
- Laurel Hill, VA: higher priced homes
- Fairfax Station, VA: higher priced homes
- Newington Forest, VA: higher priced homes
- Lorton, VA: higher priced homes
Cities with Similar Populations
- Riverton, UT: higher priced homes
- Austell, GA: less expensive homes
- Beavercreek, OH: less expensive homes
- Bessemer, AL: less expensive homes
- Bountiful, UT: higher priced homes
- Brookfield, WI: less expensive homes
- Nacogdoches, TX: less expensive homes
- Rexburg, ID: less expensive homes
- Rancho Palos Verdes, CA: higher priced homes
- Prattville, AL: less expensive homes
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