Fredericksburg, VA 22406 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Fredericksburg, VA—22406

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$563,000

1.5% YoY Growth

Household Income

$124,000

26.3% YoY Growth

Days on Market

61

50.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$2,900

24.6% YoY Growth

1-Bed Rent

$1,660

8.6% YoY Growth

2-Bed Rent

$1,600

27.8% YoY Growth

3-Bed Rent

$2,400

0.4% YoY Growth

Other Zip Codes in Fredericksburg, VA

22553 22407 22408 22401 22405 22736

Home Price Trends — Fredericksburg, VA

As of Dec '25, the median home price in Fredericksburg, VA is $563,000, with a year-over-year change of 1.5%. This indicates that home prices in Fredericksburg, VA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$563,000	1.5%
Single Family	$568,000	1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.6%

1 Bedroom

13.8%

2 Bedrooms

51.8%

3 Bedrooms

22.8%

4 Bedrooms

4.2%

5+ Bedrooms

4.9%

Property Listings — Fredericksburg, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Fredericksburg, VA is 53. This is a increase of 54.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$632,000	0.0%
Listing Count	114	37.0%
Listings as % of Homes	0.8%	37.0%
Days on Market	61	50.0%

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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%

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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%

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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%

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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