Why Live in Lake Ridge
Along the southern banks of the Occoquan Reservoir, Lake Ridge offers an active, suburban atmosphere and commuter convenience. The Prince William County planned community has several HOA-maintained parks, pools and sports facilities. Kids can walk to public schools, and there are a few places to launch boats into the reservoir. These community spaces and the 26-mile commute to Washington, D.C., are a major draw for Lake Ridge’s 45,000 residents. “It’s very family-oriented and very commuter-oriented,” says Paula Keiper, a real estate expert with eXp Realty and a former Lake Ridge resident. “There are tons of parks for kids to run around, but there’s also a huge commuter lot, and it’s easy to get to Interstate 95.” Lake Ridge is made up of Colonial Revivals, split levels and townhouses built between the 1970s and early 2000s. The HOA must approve any changes to a house’s exterior and the lawn. The median townhouse price here is around $470,000, while the median single-family home price is around $645,000. Both prices are higher than the national median. Heavy rainfall and tropical storms can cause the Occoquan Reservoir to overflow, so homeowners closest to the waterway may need
Home Trends in Lake Ridge, VA
On average, homes in Lake Ridge, VA sell after 54 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Ridge, VA over the last 12 months is $650,000.
Median Sale Price
$650,000
Median Single Family Sale Price
$1,142,370
Median Townhouse Sale Price
$574,999
Average Price Per Sq Ft
$242
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$650,000
Median Change From 1st List Price
0%