Lakeside, VA—23228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeside, VA
As of Oct '25, the median home price in Lakeside, VA is $323,000, 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 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 1.4% |
| Single Family | $333,000 | 1.2% |
| Condos | $220,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 1.6% |
3 Bed | $327,000 | 1.2% |
4 Bed | $392,000 | 1.6% |
| 5 Bed | $446,000 | 1.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lakeside, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeside, VA is 45. This is a increase of 5.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 2.0% |
Listing Count | 75 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 45 | 5.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lakeside, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $323,000 |
| Median Household Income | $65,600 |