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Lake LandOr

Learn about the people, housing, costs and businesses in Lake LandOr, Virginia

Median Home$311,930
Median Rent$1,783/month
Population4,440
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade8% finance & insurance
Home Value Growth⬆⬆⬆+28.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners84% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$89k/year · top 26% nationally
Lake LandOr
VA

Frequently Asked Questions

What are today's mortgage rates in Lake LandOr?

As of today, the 30-year fixed mortgage rate for Lake LandOr is approximately 6.892% (6.928% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake LandOr?

The median home value in Lake LandOr is $312k. The median monthly rent is $1,783. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake LandOr?

Home values in Lake LandOr have increased 28.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake LandOr?

Based on a typical all-in ownership cost of $1,597/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake LandOr is $89k/year.

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What industries drive the economy in Lake LandOr?

The largest employment sectors in Lake LandOr are public administration (20%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.