Lake Ridge, VA
Population 45,007 · Virginia
About Lake Ridge, VA
Lake Ridge is a mid-sized city located in Virginia with a population of 45,007 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,844 per year, which is 61% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Ridge features a median home value of $452,800, which is 85% above the national median of $244,900. This places Lake Ridge in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,011, 73% above the national average of $1,163/month. Of the 16,251 total housing units, 76% are owner-occupied (11,967 units) and 24% are renter-occupied (3,765 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Ridge shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Ridge have an average one-way commute time of 38.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
50.5% of Lake Ridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.6% White, 1.9% Hispanic or Latino, 1.9% Black or African American, and 14.8% Asian residents, with 24.8% of the population being foreign-born.
How Lake Ridge Ranks in Virginia
Cost of Living in Lake Ridge, VA
Compared to national averages, Lake Ridge has a median household income of $120,844 (61% above the national median of $75,149). Home values average $452,800, which is 85% above the national median. Monthly rent at $2,011 is 73% above the US average of $1,163. Within Virginia, Lake Ridge's income is 37% above the state average of $87,957, and home values are 38% above the state median of $327,514.
Why Live in Lake Ridge, VA?
Lake Ridge offers a strong local economy with a median household income of $120,844, well above the national average, and a well-educated community where 50.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $452,800. However, Lake Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Ridge has a population of 45,007 with a median age of 37.4 years. Compare Lake Ridge with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Lake Ridge
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blacksburg | 45,288 | $48,070 | $417,200 | Compare |
| Ashburn | 45,551 | $152,094 | $659,000 | Compare |
| Charlottesville | 45,863 | $69,829 | $448,400 | Compare |
| Woodbridge | 43,443 | $100,370 | $395,400 | Compare |
| Burke | 43,336 | $179,063 | $696,800 | Compare |
| Manassas | 42,674 | $117,919 | $434,700 | Compare |
| Danville | 42,239 | $42,778 | $110,200 | Compare |
| Linton Hall | 42,077 | $170,989 | $594,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Ridge With Other Cities
Frequently Asked Questions about Lake Ridge
What is the population of Lake Ridge, VA?
The population of Lake Ridge, VA is 45,007 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Lake Ridge?
The median household income in Lake Ridge, VA is $120,844 per year, which is 61% above the national median of $75,149.
What is the median home value in Lake Ridge?
The median home value in Lake Ridge, VA is $452,800, which is 85% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Ridge?
The median monthly rent in Lake Ridge, VA is $2,011, which is 73% above the national average of $1,163/month.
What is the unemployment rate in Lake Ridge?
The unemployment rate in Lake Ridge, VA is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Ridge, VA a good place to live?
Lake Ridge offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 45,007 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Lake Ridge, VA?
50.5% of residents in Lake Ridge aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Ridge?
Key cost-of-living indicators for Lake Ridge, VA: median home value is $452,800 (85% above national), median rent is $2,011/month, and median household income is $120,844. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Lake Ridge?
The poverty rate in Lake Ridge, VA is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Ridge, VA?
Lake Ridge's population is 2.6% White, 1.9% Hispanic or Latino, 1.9% Black or African American, 14.8% Asian, and 21.3% two or more races. 24.8% of residents are foreign-born.