Housing in 22192 Lake Ridge, VA offers a median value of $471,700, which is significantly higher than the US median housing value of $338,100. Despite this large gap in prices between Lake Ridge and the rest of the country, appreciation rates are still lower with a 1 year appreciation rate of 4.61%, compared to 8.27% for national housing prices. In conclusion, Lake Ridge is an ideal place for those looking for higher-end housing but at a slightly reduced rate compared to the rest of the country.
The median home cost in Lake Ridge (zip 22192) is $471,700. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Lake Ridge (zip 22192) is up 11.4%.
Average Age of Homes
- The median age of Lake Ridge (zip 22192) real estate is 31 years old
The Rental Market in Lake Ridge (zip 22192)
- Renters make up 25.7% of the Lake Ridge (zip 22192) population
- 1.8% of houses and apartments in Lake Ridge (zip 22192), 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.