Fredericksburg, VA—22407

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.

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.

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.

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.