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Real Estate Prices & Overview

Lake Ridge Northwest median real estate price is $488,095, which is more expensive than 59.6% of the neighborhoods in Virginia and 65.0% of the neighborhoods in the U.S.

The average rental price in Lake Ridge Northwest is currently $3,005, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.7% of the neighborhoods in Virginia.

Lake Ridge Northwest is an urban neighborhood (based on population density) located in Woodbridge, Virginia.

Lake Ridge Northwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Ridge Northwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Lake Ridge Northwest, the current vacancy rate is 1.7%, which is a lower rate of vacancies than 88.2% of all neighborhoods in the U.S. This means that the housing supply in Lake Ridge Northwest is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Lake Ridge Northwest stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 98.9% of the residential real estate here was built in this one time period.

In addition, if you love row houses and attached homes, you will probably really like the Lake Ridge Northwest neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 60.9% of the residential real estate here is classified as row houses and attached homes.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Lake Ridge Northwest neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 18.5% of its workforce, this neighborhood has a greater concentration of government workers than 98.6% of U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Lake Ridge Northwest neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.8% of the neighborhoods in VA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Lake Ridge Northwest neighborhood has more Romanian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Romanian ancestry and 3.2% have Iranian ancestry.

Lake Ridge Northwest is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lake Ridge Northwest neighborhood in Woodbridge are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.1% of the neighborhoods in America. With 11.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Lake Ridge Northwest neighborhood, 51.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.6% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (18.5%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lake Ridge Northwest neighborhood is English, spoken by 72.9% of households. Other important languages spoken here include Spanish and African languages.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Lake Ridge Northwest neighborhood in Woodbridge, VA, residents most commonly identify their ethnicity or ancestry as German (13.6%). There are also a number of people of English ancestry (12.9%), and residents who report Irish roots (8.5%), and some of the residents are also of Mexican ancestry (6.7%), along with some Sub-Saharan African ancestry residents (6.4%), among others. In addition, 16.2% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lake Ridge Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (40.4% of working residents), longer and tougher than most commutes in America.

Here most residents (78.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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