Fredericksburg, VA—22401

As of July '25, Rentcast reports the average rent in Fredericksburg, VA is $2,200, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is studios: $2,140, 1-bedrooms: $1,690, 2-bedrooms: $1,790, 3-bedrooms: $2,440, 4-bedrooms: $2,920. The most common rental property sizes in Fredericksburg, VA are 2-bedroom and 1-bedroom, accounting for 38.9% and 32.4% of the rental stock.

As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 28,200, which has remained stable by -0.9% over the past 5 years. Fredericksburg, VA is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 46.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 55.9% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 20.3% of the population. Foreign-born residents account for 12.3% of the population in Fredericksburg, VA, and this percentage has increased by 41.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Fredericksburg, VA under the Section 8 program is 12.7%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Fredericksburg, VA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.