Fredericksburg, VA 22407 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

Fredericksburg, VA—22407

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$455,000

1.2% YoY Growth

Household Income

$105,000

24.0% YoY Growth

Days on Market

44

34.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$2,300

4.9% YoY Growth

1-Bed Rent

$1,500

8.7% YoY Growth

2-Bed Rent

$1,800

11.1% YoY Growth

3-Bed Rent

$2,250

5.0% YoY Growth

Other Zip Codes in Fredericksburg, VA

22553 22406 22408 22401 22405 22736

Home Price Trends — Fredericksburg, VA

As of Nov '25, the median home price in Fredericksburg, VA is $455,000, with a year-over-year change of 1.2%. 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	$455,000	1.2%
Single Family	$456,000	1.1%
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 $2,370, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is 1-bedrooms: $1,380, 2-bedrooms: $2,210, 3-bedrooms: $2,320, 4-bedrooms: $2,830. The most common rental property sizes in Fredericksburg, VA are 2-bedroom and 3-bedroom, accounting for 35.6% and 31.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,370
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,380
2 Bed Rent	$1,800	$2,210
3 Bed Rent	$2,250	$2,320
4 Bed Rent	$2,800	$2,830

Loading chart...

% of Rental Stock

Studio

0.7%

1 Bedroom

15.7%

2 Bedrooms

35.6%

3 Bedrooms

31.2%

4 Bedrooms

13.2%

5+ Bedrooms

3.6%

Property Listings — Fredericksburg, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Fredericksburg, VA is 44. This is a increase of 34.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	4.0%
Listing Count	256	62.0%
Listings as % of Homes	0.5%	62.0%
Days on Market	44	34.0%

Loading chart...

Demographics — Fredericksburg, VA

As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 64,300, which has increased by 9.8% over the past 5 years. Fredericksburg, VA is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	64,300	9.8%
% Under 18	25.5%	0.8%
% Seniors	15.1%	15.3%
% WFH	14.5%	215.2%
% w/ College Degree	33.1%	6.1%

Loading chart...

As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 55.4% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 19.2% of the population. Foreign-born residents account for 13.0% of the population in Fredericksburg, VA, and this percentage has increased by 47.7% 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	55.4%	-14.6%
% Black	19.2%	8.5%
% Hispanic	16.2%	48.6%
% Asian	3.4%	-2.9%
% Foreign Born	13.0%	47.7%

Loading chart...

Mortgage and Risk — Fredericksburg, VA

According to HUD data as of 2023, there were 1230 mortgage originations in Fredericksburg, VA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 37.0% 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	1,230
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

Loading chart...

Loading chart...

Rentals and Section 8 — Fredericksburg, VA

As of 2024, the percent of homes in Fredericksburg, VA under the Section 8 program is 8.9%. 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.

Section 8 Market Size

Total Units under HUD	501
Total Units Section 8	491
% Rentals under Section 8	8.9%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$1,500	$1,790
2 Bedroom	$210	$1,800	$2,010
3 Bedroom	$260	$2,250	$2,510
4 Bedroom	$160	$2,800	$2,960