In Lake of the Woods, a typical home is worth $399,300 and typical rent is $1,765 a month. Compared with all of Orange County, typical rent is 46% higher, typical household income is 16% higher, and the share of households that own their home is 17 points higher.
Lake of the Woods is in Orange County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Orange County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical rent in Lake of the Woods is $1,765 a month, 46% more than in Orange County as a whole ($1,205).
2
Nearby, in Orange, the typical rent is $1,103: 38% less than in Lake of the Woods ($1,765).
3
96% of households in Lake of the Woods own their home, against 79% in Orange County.
4
Nearby, in Orange, the typical home value is $273,300: 32% less than in Lake of the Woods ($399,300).
5
The typical household income in Lake of the Woods is $109,153,16% more than in Orange County as a whole ($94,008).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lake of the Woods
What homes there are in Lake of the Woods, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lake of the Woods
Orange County
Virginia
United States
Kind of home: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Orange County
Virginia
United States
Detached house
100%
84%
61%
61%
Attached house
Unreliable estimate
4%
11%
6%
Building of 2 to 4
Unreliable estimate
3%
5%
8%
Apartments (5 or more)
Unreliable estimate
5%
19%
19%
Mobile home
Unreliable estimate
4%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Lake of the Woods: 100% of homes, more than in Orange County (84%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lake of the Woods
Orange County
Virginia
United States
Year built: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Orange County
Virginia
United States
Before 1960
Unreliable estimate
16%
19%
26%
1960–1979
16%
17%
24%
24%
1980–1999
43%
26%
30%
25%
2000–2009
27%
27%
15%
14%
2010 or later
11%
14%
12%
11%
The typical year built in Lake of the Woods is 1995, about the same as in Orange County (1993).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K16%
$300K–$500K58%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
16%
$300K–$500K
58%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,875 a month
Orange County: $1,754 a month
Without a mortgage
$696 a month
Orange County: $544 a month
Owners with a mortgage
66%
Orange County: 69%
Owning costs more in Lake of the Woods: with a mortgage, the typical cost is $1,875 a month; in Orange County, $1,754. Without one, $696.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lake of the Woods+55%
Orange County+49%
Virginia+41%
United States+53%
Typical rent
Lake of the Woods+27%
Orange County+22%
Virginia+28%
United States+33%
Typical household income
Lake of the Woods+36%
Orange County+31%
Virginia+26%
United States+29%
Change since 2015–2019: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Orange County
Virginia
United States
Typical home value
+55%
+49%
+41%
+53%
Typical rent
+27%
+22%
+28%
+33%
Typical household income
+36%
+31%
+26%
+29%
The typical home value in Lake of the Woods rose 55% since 2015–2019, more than in Orange County (49%).
Rents in Lake of the Woods rose faster than in Orange County: 27% since 2015–2019, against 22%.
While home values in Lake of the Woods changed +55% and rent +27%, the typical household income rose 36%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lake of the Woods and its comparisons
Measure
Lake of the Woods
Orange County
Virginia
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.1%
3.4%
People per household
2.27
2.51
2.52
2.53
Drive alone
75%
74%
68%
69%
Carpool
Unreliable estimate
10%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
19%
14%
18%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.27 on average, against 2.51 in Orange County.
Working from home is more common in Lake of the Woods: 19%, against 14% in Orange County.
Do the math
What would you pay each month for a home in Lake of the Woods?
A typical home is tight for the typical income
We start with a typical home in Lake of the Woods, worth $399,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Lake of the Woods, which is $109,153 a year. For that payment to be 28% of income, a household would need to earn about $136,799 a year.
The calculator's FHA and conventional loan limits are those of all of Orange County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lake of the Woods. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,976 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,192
at 7.18% · 30 years
Loan amount
$392,067
Total interest
$564,093
Paid off in
November 2056
Includes $6,743 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,547 a month
Tight
$2,547 to $3,275 a month
Your payment · 35%
Hard
more than $3,275 a month
Compared with the typical household income in Lake of the Woods ($109,153 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,656
Property tax
$193
Home insurance
$166
FHA mortgage insurance (MIP)
$177
You need at least $13,976 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,192; principal and interest $2,656.
The city and its county
Lake of the Woods and Orange County
Lake of the Woods is in Orange County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lake of the Woods
Map of Orange County, Virginia, with Lake of the Woods marked. Around it, the neighboring counties.
Lake of the Woods
Orange County
Other cities with a page
Lake of the Woods's own numbers
Typical home value
$399,300
Typical monthly rent
$1,765
Typical yearly household income
$109,153
Households that own their home
96%
Effective property tax rate
0.58%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Orange County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,262
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Orange County.
A typical home in Lake of the Woods is worth $399,300: 10% above the county and 4% above Virginia. With the typical household income in Lake of the Woods ($109,153 a year), a typical home costs 3.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lake of the Woods3.7 years
Orange3.9 years
Virginia4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Orange County
According to FHFA’s house price index, home prices in Orange County rose 80% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Orange County.
Yearly change in FHFA’s price index in Orange County, 2016 to 2025
2016: +2.4% +2.4% 2016
2017: +1.8% +1.8% 2017
2018: +4.9% +4.9% 2018
2019: +5.1% +5.1% 2019
2020: +3.7% +3.7% 2020
2021: +12.8% +12.8% 2021
2022: +13.4% +13.4% 2022
2023: +7.0% +7.0% 2023
2024: +5.5% +5.5% 2024
2025: +4.7% +4.7% 2025
Change in FHFA’s price index in Orange County, Virginia and the United States
Period
County
Virginia
U.S.
Last year (2025)
+4.7%
+3.7%
+2.9%
5 years (2020–2025)
+51%
+49%
+47%
10 years (2015–2025)
+80%
+75%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lake of the Woods next to Orange County, Virginia and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lake of the Woods$399,300
Orange$364,200
Virginia$383,700
United States$332,700
Typical monthly rent
Lake of the Woods$1,765
Orange$1,205
Virginia$1,579
United States$1,413
Typical yearly household income
Lake of the Woods$109,153
Orange$94,008
Virginia$93,170
United States$80,734
See the full table
Lake of the Woods next to Orange County and Virginia
Measure
Lake of the Woods
Orange County
Virginia
U.S.
Typical home value
$399,300 ▲10% above the county
$364,200
$383,700
$332,700
Typical monthly rent
$1,765 ▲46% above the county
$1,205
$1,579
$1,413
Typical yearly household income
$109,153 ▲16% above the county
$94,008
$93,170
$80,734
Households that own their home
96% ▲17 points above the county
79%
67%
65%
Typical yearly property tax
$2,310 ▲16% above the county
$1,997
$2,790
$3,119
Effective property tax rate
0.58% ▲0.03 points above the county
0.55%
0.73%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Orange County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lake of the Woods
For a typical $399,300 home in Lake of the Woods, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake of the Woods's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,192a month
Least cash to close
Down payment
$13,976
Cash to close
$25,955
Rate
7.18%
Mortgage insurance
FHA MIP · $177
Conventional, 5% down$3,119a month
Down payment
$19,965
Cash to close
$31,944
Rate
7.18%
Mortgage insurance
PMI · $190
Conventional, 20% down, no PMI$2,523a month
Down payment
$79,860
Cash to close
$91,839
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,893a month
Down payment
$59,895
Cash to close
$71,874
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lake of the Woods
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,192
$13,976
$392,068
7.18%
FHA MIP · $177
$25,955
580
Conventional, 5% down
$3,119
$19,965
$379,335
7.18%
PMI · $190
$31,944
620*
Conventional, 20% down, no PMI
$2,523
$79,860
$319,440
7.18%
None
$91,839
620*
ITIN, 15% down (example)
$2,893
$59,895
$339,405
8.18%
None
$71,874
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lake of the Woods is $1,765 a month: 46% above the county.
HUD publishes a fair market rent for all of Orange County, by unit size. To pay the 2-bedroom one ($1,262 a month) without spending more than 30% of your income, you would need to earn $24.27 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Orange County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,037
$19.94
$41,480
1 bedroom
$1,043
$20.06
$41,720
2 bedrooms
$1,262
$24.27
$50,480
3 bedrooms
$1,747
$33.60
$69,880
4 bedrooms
$1,953
$37.56
$78,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lake of the Woods
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake of the Woods is in ZIP code 22508.
For 2 bedrooms it is $1,730: $468 more than the fair market rent for Orange County ($1,262).
Fair market rent by ZIP code and size in Lake of the Woods, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
22508
$1,430
$1,440
$1,730
$2,380
$2,670
ZIP code2 bd3 bd
22508 $1,730$2,380
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake of the Woods when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Orange County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Lake of the Woods or Orange County. The ones below are statewide in Virginia: they work in Lake of the Woods the same as in the rest of the state.
Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan.Offered by Virginia Housing (Virginia Housing Development Authority).
The HUD-approved agencies closest to the center of Lake of the Woods, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Lake of the Woods or Orange County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lake of the Woods and all of Orange County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lake of the Woods?
The typical home value in Lake of the Woods is $399,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Orange County it is $364,200.
How much does it cost to rent in Lake of the Woods?
Typical rent in Lake of the Woods is $1,765 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Orange County is $1,262.
What is the FHA loan limit in Lake of the Woods?
Lake of the Woods uses the FHA limit for all of Orange County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lake of the Woods?
The typical homeowner in Lake of the Woods pays $2,310 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Orange County, the rate is 0.55%.
Where can I find free help to buy or rent in Lake of the Woods?
We found no HUD-approved counseling agencies with an office in Orange County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
