Fredericksburg, VA—22408

As of July '25, Rentcast reports the average rent in Fredericksburg, VA is $2,480, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is studios: $1,480, 1-bedrooms: $1,580, 2-bedrooms: $1,840, 3-bedrooms: $2,390, 4-bedrooms: $3,090. The most common rental property sizes in Fredericksburg, VA are 3-bedroom and 2-bedroom, accounting for 39.3% and 33.9% of the rental stock.

As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 31,000, which has increased by 3.1% over the past 5 years. Fredericksburg, VA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.

As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 58.8% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 19.8% of the population. Foreign-born residents account for 9.8% of the population in Fredericksburg, VA, and this percentage has increased by 21.0% 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 8.5%. 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 Fredericksburg, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.