Fredericksburg, VA—22406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fredericksburg, VA
As of Oct '25, the median home price in Fredericksburg, VA is $566,000, with a year-over-year change of 1.9%. This indicates that home prices in Fredericksburg, VA are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $566,000 | 1.9% |
| Single Family | $570,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $420,000 | 1.4% |
3 Bed | $483,000 | 1.7% |
4 Bed | $631,000 | 1.9% |
| 5 Bed | $712,000 | 1.7% |
% of Housing Stock
Rental Trends — Fredericksburg, VA
As of July '25, Rentcast reports the average rent in Fredericksburg, VA is $2,890, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is 1-bedrooms: $1,700, 2-bedrooms: $1,610, 3-bedrooms: $2,530, 4-bedrooms: $3,240. The most common rental property sizes in Fredericksburg, VA are 2-bedroom and 3-bedroom, accounting for 51.8% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,660 | $1,700 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $2,400 | $2,530 |
| 4 Bed Rent | $3,000 | $3,240 |
% of Rental Stock
Property Listings — Fredericksburg, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fredericksburg, VA is 50. This is a increase of 57.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $639,000 | 5.0% |
Listing Count | 134 | 48.0% |
| Listings as % of Homes | 0.8% | 48.0% |
Days on Market | 50 | 57.0% |
Demographics — Fredericksburg, VA
As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 26,200, which has increased by 1.2% over the past 5 years. Fredericksburg, VA is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 43.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | 1.2% |
% Under 18 | 21.5% | -11.9% |
% Seniors | 17.2% | 19.4% |
% WFH | 13.8% | 245.0% |
% w/ College Degree | 43.2% | 11.6% |
As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 64.2% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 14.8% of the population. Foreign-born residents account for 8.9% of the population in Fredericksburg, VA, and this percentage has increased by 11.2% 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 | 64.2% | 1.4% |
% Black | 14.8% | -20.4% |
% Hispanic | 12.5% | 4.2% |
% Asian | 3.7% | 23.3% |
% Foreign Born | 8.9% | 11.2% |
Mortgage and Risk — Fredericksburg, VA
According to HUD data as of 2023, there were 646 mortgage originations in Fredericksburg, VA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Fredericksburg, VA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 646 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fredericksburg, VA
As of 2024, the percent of homes in Fredericksburg, VA under the Section 8 program is 6.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fredericksburg, VA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,660 | $1,780 |
| 2 Bedroom | $400 | $1,600 | $2,000 |
| 3 Bedroom | $100 | $2,400 | $2,500 |
| 4 Bedroom | -$50 | $3,000 | $2,950 |
Affordability — Fredericksburg, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $566,000 |
| Median Household Income | $124,000 |