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City · 46,049 residents · Prince William County, Virginia

Lake Ridge , Virginia

In Lake Ridge, a typical home is worth $471,200 and typical rent is $2,033 a month. Compared with all of Prince William County, the typical home value is 11% lower.

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  • Typical home value

    $471,200

    11% below the county

    23% above Virginia

    • Lake Ridge
    • Prince William
    • Virginia

  • Typical rent

    $2,033a month

    About the same as the county

    29% above Virginia

    • Lake Ridge
    • Prince William
    • Virginia

  • Typical household income

    $127,154a year

    3% below the county

    36% above Virginia

    • Lake Ridge
    • Prince William
    • Virginia

  • Households that own their home

    76%

    2 points above the county

    9 points above Virginia

    • Lake Ridge
    • Prince William
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Lake Ridge is in Prince William County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Prince William County. See the county

Data updated: October 1, 2026 11 official sources

The homes here

Housing in Lake Ridge

What homes there are in Lake Ridge, 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

Homes here are varied: attached houses (townhouses) are 43% of them, more than in Prince William County (26%), and no kind reaches half.

Year built

Homes in Lake Ridge are older: the typical year built is 1986; in Prince William County, 1995.

Much as in Prince William County, 77% of homes in Lake Ridge have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,387 a month

Prince William County: $2,714 a month

Without a mortgage

$746 a month

Prince William County: $826 a month

Owners with a mortgage

79%

Prince William County: 79%

The typical cost for an owner with a mortgage in Lake Ridge is $2,387 a month, less than in Prince William County ($2,714); without one, $746.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Lake Ridge rose 38% since 2015–2019, about the same as in Prince William County (39%).

Since 2015–2019, the typical rent in Lake Ridge rose 12%, less than in Prince William County (21%).

While home values in Lake Ridge changed +38% and rent +12%, the typical household income rose 24%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLake RidgePrince William CountyVirginiaUnited States
Rental vacancy Unreliable estimate3.9%4.8%5.5%
Homeowner vacancy Unreliable estimate0.4%0.8%0.9%
More than one person per room 2.2%3.6%2.1%3.4%
People per household 2.873.092.522.53
Drive alone 67%66%68%69%
Carpool 10%10%8%9%
Public transit 2%3%2%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 20%19%18%15%
Other means 1%2%1%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

Fewer households are short on space in Lake Ridge: 2.2% have more than one person per room; in Prince William County, 3.6%.

Households in Lake Ridge are smaller: 2.87 people on average; in Prince William County, 3.09.

The car rules in Lake Ridge: 67% of workers drive to work alone, and the typical trip takes 30 to 39 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lake Ridge?

A typical home costs more than the typical income allows

We start with a typical home in Lake Ridge, worth $471,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Lake Ridge, which is $127,154 a year. For that payment to be 28% of income, a household would need to earn about $167,490 a year.

The calculator's FHA and conventional loan limits are those of all of Prince William County.

Your numbers

Local data
$

Starts at the typical home value in Lake Ridge. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,492 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,908

at 7.18% · 30 years

Loan amount
$462,665
Total interest
$665,667
Paid off in
November 2056

Includes $7,957 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,967 a month

  • Tight

    $2,967 to $3,815 a month

  • Hard

    more than $3,815 a month

    Your payment · 37%

Compared with the typical household income in Lake Ridge ($127,154 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,908
Principal & interest$3,134
Property tax$369
Home insurance$196
FHA mortgage insurance (MIP)$208

You need at least $16,492 for the down payment, plus closing costs.

Next step

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.

The city and its county

Lake Ridge and Prince William County

Lake Ridge is in Prince William 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 Ridge's own numbers

Typical home value
$471,200
Typical monthly rent
$2,033
Typical yearly household income
$127,154
Households that own their home
76%
Effective property tax rate
0.94%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Prince William County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
0.6%

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 Prince William County.

Everything about Prince William County

Buying

Buying a home in Lake Ridge

A typical home in Lake Ridge is worth $471,200: 11% below the county and 23% above Virginia. With the typical household income in Lake Ridge ($127,154 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 Ridge 3.7 years
  • Prince William 4.0 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Prince William County

According to FHFA’s house price index, home prices in Prince William County rose 77% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Prince William County.

Period County Virginia U.S.
Last year (2025) +2.9% +3.7% +2.9%
5 years (2020–2025) +47% +49% +47%
10 years (2015–2025) +77% +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 Ridge next to Prince William 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 Ridge $471,200
  • Prince William $530,100
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Lake Ridge $2,033
  • Prince William $2,067
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Lake Ridge $127,154
  • Prince William $131,402
  • Virginia $93,170
  • United States $80,734
See the full table
Lake Ridge next to Prince William County and Virginia
Measure Lake Ridge Prince William County Virginia U.S.
Typical home value $471,200 $530,100 $383,700 $332,700
Typical monthly rent $2,033 $2,067 $1,579 $1,413
Typical yearly household income $127,154 $131,402 $93,170 $80,734
Households that own their home 76% 74% 67% 65%
Typical yearly property tax $4,426 $4,999 $2,790 $3,119
Effective property tax rate 0.94% 0.94% 0.73% 0.94%
Renters with high rent for their income 43% 51% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Prince William 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 Ridge

For a typical $471,200 home in Lake Ridge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Ridge's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,908a month

    Least cash to close
    Down payment
    $16,492
    Cash to close
    $30,628
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $208

  • Conventional, 5% down $3,822a month

    Down payment
    $23,560
    Cash to close
    $37,696
    Rate
    7.18%
    Mortgage insurance
    PMI · $224

  • Conventional, 20% down, no PMI $3,119a month

    Down payment
    $94,240
    Cash to close
    $108,376
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,555a month

    Down payment
    $70,680
    Cash to close
    $84,816
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lake Ridge and for Prince William County.

Property tax

Effective rate in Lake Ridge

0.94%of the home’s value each year

$4,426 a year for the typical owner in Lake Ridge.

  • Lake Ridge 0.94%
  • Prince William 0.94%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Prince William County

FEMA does not publish these numbers by city: they are for all of Prince William County.

Homes in the high-risk zone
0.6%
414
Of those, with NFIP insurance
46%
County Virginia U.S.
Homes in the high-risk zone 0.6% 1.5% 3.5%
Of those, with NFIP insurance 46% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lake Ridge

Typical rent in Lake Ridge is $2,033 a month: about the same as the county. In Lake Ridge, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Prince William County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.

HUD fair market rent for all of Prince William County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,111 $40.60 $84,440
1 bedroom $2,204 $42.38 $88,160
2 bedrooms $2,438 $46.88 $97,520
3 bedrooms $3,107 $59.75 $124,280
4 bedrooms $3,658 $70.35 $146,320

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 Ridge

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Ridge is in ZIP code 22192.

For 2 bedrooms it is $2,440: $2 more than the fair market rent for Prince William County ($2,438).

  • 22192 $2,440$3,110

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 Ridge 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lake Ridge

HUD lists one building with rents for lower incomes in Lake Ridge.

  • Riverwoods at Lake Ridge 2065 Tacketts Village Sq, Lake Ridge 22192 72 low-income homes · 1 bd: 2 · 2 bd: 50 · 3 bd: 20 · In service since 2015 · For families

See all 38 buildings in Prince William County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lake Ridge

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.

There are 4 HUD-approved agencies with an office in Prince William County; 1 says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Lake Ridge

No down payment, repair or rent-help program on our list is for Lake Ridge or Prince William County. The ones below are statewide in Virginia: they work in Lake Ridge the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    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).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    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).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    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).

    Grant

    See the program Official page

Housing counselors near Lake Ridge

The HUD-approved agencies closest to the center of Lake Ridge, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • First Home Alliance

    3138 Golansky Blvd Ste 202, Woodbridge · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 12 more
    (703) 580-8838

  • Centro de Apoyo Familiar (CAF)-Va

    13923 Minnieville Rd, Woodbridge · 3 miles away

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 4 more
    (703) 372-5440

  • Prince William County Virginia Cooperative Extension

    15941 Donald Curtis Dr, Woodbridge · 6 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (703) 792-4713

Every agency in Prince William County All counseling agencies in Virginia

Help in Spanish near Lake Ridge

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lake Ridge

HUD’s record names them for Lake Ridge or Prince William County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Prince William County Office of HCD Section 8 vouchers (703) 792-7530

All housing agencies in Virginia Source: HUD

Cities

Other cities in Prince William County

These cities are also in Prince William County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Prince William County Housing in Virginia
See 4 more cities in Prince William County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lake Ridge, with the typical home value.

Neighboring counties

If Prince William County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lake Ridge.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Lake Ridge

Short answers with the numbers for Lake Ridge and all of Prince William 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 Ridge?

The typical home value in Lake Ridge is $471,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Prince William County it is $530,100.

How much does it cost to rent in Lake Ridge?

Typical rent in Lake Ridge is $2,033 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Prince William County is $2,438.

What is the FHA loan limit in Lake Ridge?

Lake Ridge uses the FHA limit for all of Prince William County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Lake Ridge?

The typical homeowner in Lake Ridge pays $4,426 a year, according to the U.S. Census Bureau. That is 0.94% of the home’s value; in Prince William County, the rate is 0.94%.

Where can I find free help to buy or rent in Lake Ridge?

There are 4 HUD-approved counseling agencies with an office in Prince William County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).