Lakeside, VA 23228 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lakeside, VA—23228

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$336,000

1.4% YoY Growth

Household Income

$65,600

23.2% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,900

7.9% YoY Growth

1-Bed Rent

$1,300

39.1% YoY Growth

2-Bed Rent

$1,720

4.4% YoY Growth

3-Bed Rent

$2,150

0.5% YoY Growth

Home Price Trends — Lakeside, VA

As of May '26, the median home price in Lakeside, VA is $336,000, with a year-over-year change of 1.4%. This indicates that home prices in Lakeside, VA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$336,000	1.4%
Single Family	$346,000	1.5%
Condos	$224,000	-0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lakeside, VA

As of July '25, Rentcast reports the average rent in Lakeside, VA is $1,870, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Lakeside, VA is studios: $1,180, 1-bedrooms: $1,310, 2-bedrooms: $1,730, 3-bedrooms: $2,120, 4-bedrooms: $2,450. The most common rental property sizes in Lakeside, VA are 2-bedroom and 1-bedroom, accounting for 50.2% and 21.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$1,870
Studio Rent	$1,180	$1,180
1 Bed Rent	$1,300	$1,310
2 Bed Rent	$1,720	$1,730
3 Bed Rent	$2,150	$2,120
4 Bed Rent	$2,350	$2,450

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% of Rental Stock

Studio

1.7%

1 Bedroom

21.9%

2 Bedrooms

50.2%

3 Bedrooms

19.1%

4 Bedrooms

6.0%

5+ Bedrooms

1.2%

Property Listings — Lakeside, VA

As of May '26, Realtor.com reports that the median days on market for a home in Lakeside, VA is 20. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$352,000	0.0%
Listing Count	84	-9.0%
Listings as % of Homes	0.3%	-9.0%
Days on Market	20	4.0%

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Demographics — Lakeside, VA

As of the latest ACS Survey released in 2023, Lakeside, VA has a population of 36,400, which has increased by 1.3% over the past 5 years. Lakeside, VA is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	36,400	1.3%
% Under 18	17.9%	-11.4%
% Seniors	14.6%	9.0%
% WFH	16.2%	268.2%
% w/ College Degree	31.2%	-1.3%

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As of the latest ACS Survey released in 2023, Lakeside, VA is a predominantly white area, with 49.7% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Lakeside, VA is black, making up 25.2% of the population. Foreign-born residents account for 16.3% of the population in Lakeside, VA, and this percentage has increased by 3.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	49.7%	0.4%
% Black	25.2%	-3.4%
% Hispanic	13.5%	-11.8%
% Asian	6.4%	52.4%
% Foreign Born	16.3%	3.8%

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Mortgage and Risk — Lakeside, VA

According to HUD data as of 2023, there were 497 mortgage originations in Lakeside, VA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lakeside, VA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	497
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Lakeside, VA

As of 2024, the percent of homes in Lakeside, VA under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lakeside, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	295
Total Units Section 8	295
% Rentals under Section 8	3.3%
% Occupied Section 8	89.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$340	$1,300	$1,640
2 Bedroom	$100	$1,720	$1,820
3 Bedroom	$150	$2,150	$2,300
4 Bedroom	$500	$2,350	$2,850

Lakeside, VA—23228

Key Metrics at a Glance

Home Price Trends — Lakeside, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeside, VA

% of Rental Stock

Property Listings — Lakeside, VA

Demographics — Lakeside, VA

Race and Ethnicity

Mortgage and Risk — Lakeside, VA

Mortgages

Rentals and Section 8 — Lakeside, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeside, VA

Home Price to Income Ratio

Lakeside, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Henrico, VA

Henrico, VA

Henrico, VA

Glen Allen, VA

Richmond, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$336,000
Median Household Income	$65,600

Lakeside, VA—23228

Key Metrics at a Glance

Home Price Trends — Lakeside, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeside, VA

% of Rental Stock

Property Listings — Lakeside, VA

Demographics — Lakeside, VA

Race and Ethnicity

Mortgage and Risk — Lakeside, VA

Mortgages

Rentals and Section 8 — Lakeside, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeside, VA

Home Price to Income Ratio

Lakeside, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Henrico, VA

Henrico, VA

Henrico, VA

Glen Allen, VA

Richmond, VA

Frequently Asked Questions

What is the average home price in Lakeside, VA 23228?

How have home prices in Lakeside, VA 23228 changed over the past year?

What is the home price projection for Lakeside, VA 23228?

What are the demographics of Lakeside, VA 23228?

How long does it take homes to sell in Lakeside, VA 23228?

What is the average rent price in Lakeside, VA 23228?